Β
To create a Purchase Ledger,
Go to Gateway of Tally > Accounts Info. > Ledgers > Create
Enter the Name of the Purchase Ledger
In the Under field, select Purchase Accounts from the List of Groups
Set the field Inventory values are affected to Yes
Select the Type of Ledger as Not Applicable
Set the field Used in VAT ReturnsΒ to Yes
Select the required VAT/Tax Class from the list displayed
Note: The VAT/Tax Classifications pertaining to purchases will be displayed for selection based on the State and the Type of Dealer pre-defined in the F3: Statutory & Taxation Features. The VAT/Tax classifications displayed for purchases in this example pertains to Karnataka State.
Accept the purchase ledger.
Β
'Purchase Ledger' has been shared with
