In order to record the Goods Returned to suppliers, we can create a Purchase Returns Ledger account in Tally.EPR 9 Accounting Software. But we do not have separate Ledger Group for creating the Purchase Returns Ledger. So, we have to choose suitable Trading Ledger Group.
|Purchase Return Ledger creation in Tally.ERP 9|
In Tally.ERP 9 we have Predefined Groups to create Ledger Accounts. So, we can use one of the Groups to create the Purchase Returns Ledger Account. And the best suitable Group is Purchase Accounts Group as it indirectly affects the Purchase Account in Trading Account.
In order to create Purchase Returns Ledger Account
- Get to the Ledger Creation screen.
- Provide the Name for the Ledger e.g. Purchase Returns A/c.
- And choose Purchase Accounts Group name for Under field.
- And set Yes option for Inventory values are affected field if Accounts are maintained with Inventory is enabled.
And accept the Ledger Creation screen to create the Purchase Returns Ledger. And this is how to create Purchase Returns Ledger in Tally.ERP 9.