Mention what are the two pre-defined ledger available in Tally ERP 9?
In Tally ERP 9, there are two types of pre-defined ledgers
- Cash: Under the group Cash-in-hand this ledger is created, you can enter the opening balance as on the books beginning from.
- Profit and Loss Account: This ledger is created under the group Primary. In this ledger, previous year’s profit or loss is entered as the opening balance of this ledger.