finance and accounting education

 creating ledger account for sundry creditor & sundry debtors in Tally prime sundry creditors To create a ledger account for sundry creditors in Tally Prime, you can follow these steps: 1. Open Tally Prime and select the company for which you want to create the sundry creditor ledger. 2. Go to the "Gateway of Tally" and navigate to "Masters". 3. Under " Masters ," select " Ledgers " and then choose " Create " (or press `C` on your keyboard). 4. Under " list of masters, " select " Ledger " and then choose to " Create "  5. In the "Ledger Creation" screen, you'll see a series of fields to fill out. Provide the following details:    - Name: Enter the name of the s undry creditor ledger , for example, "Sundry Creditor - XYZ" (replace XYZ with the actual creditor name).    - Under: Select the appropriate group under which you want to categorize the sundry creditor. Usually, it falls u...

To create a company in Tally Prime software for accounting, follow these steps: 1. Launch Tally Prime:  Open the Tally Prime software on your computer. 2. Gateway of Tally:  After launching Tally Prime, you will see the "Gateway of Tally" screen. 3. Select "Create Company": From the Gateway of Tally screen, select "Create Company" by pressing the corresponding key or by clicking on it using the mouse. 4. Company Creation screen: You will now be taken to the "Company Creation" screen. 5. Fill in Company Details:    - Enter the name of your company in the "Name" field.    - Select the appropriate country and specify the address details in the respective fields.    - Choose the appropriate "Financial Year" and "Books Beginning From" dates.   - Specify the base currency for your company. 6. Enable Features (Optional):    - If you want to enable any specific features or functionalities, such as inventory management or pay...