To create a Purchase ledger,
Go to Gateway of Tally > Accounts Info > Ledger > Create/Alter
Enter the Name of the ledger, for e.g., Purchases @ 10% - ST10
In the Under field, select the Purchase Accounts from the List of Groups
By default Inventory values are affected will be set to Yes
Set Used In Sales Tax to Yes
Select the required VAT/Tax Class, for e.g, Purchases @ 10% - ST10
Press Enter to return to the Purchase ledger creation screen
Accept the Purchase Ledger Creation screen.
Note: From Rel 4.8 an option to provide Bank Details is provided in the Ledger Master.
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