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In Tally, there are ________ predefined ledgers.

A. One

B. Two

C. Three

D. Four

Answer: Option B

Solution(By Examveda Team)

There are two pre-defined ledgers available in Tally.ERP 9, they are:

Cash - This Ledger is created under the Group Cash-in-hand. You can enter the opening balance as on the date of books beginning from. You can also alter the name and even delete the Ledger.

Profit and Loss Account - This Ledger is created under the Group Primary. Previous year’s Profit or Loss is entered as the opening balance for this ledger. The balance entered here is treated as the opening profit/loss and shown in the Balance Sheet as opening balance of Profit and Loss account in the Liabilities side.

You cannot delete this ledger, but you can modify the same.

This Question Belongs to Computer Fundamentals >> Tally

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Comments ( 2 )

  1. Nikk Rajput
    Nikk Rajput :
    7 months ago

    Alllow

  2. Prabhjot Kaur
    Prabhjot Kaur :
    5 years ago

    we see the statistics report we find there just 28 groups But when we see in groups display or Alter we found 34 groups.pls kindly said me how is possible?

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