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Units of Measures

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  Introduction Almost every business has stocks and stocks have units. For example, you are in a business of Furniture and Household items. Your stock items would be table, chair, sofa etc. and the unit of measure will be numbers. You may say I have a stock of 25 tables and 25 is a number. In the same way, you may have rice, sugar, tea or any other eatable items. In this case, you will say I have a stock of 30 KG of rice today and the unit of measure is KG. In Tally , you can create different units of measure with whatever name you want. So, if your business is somewhat different then don’t worry at all. You can do all of that in Tally. Note: ·     You need to create Units of Measure for creating Stock Items in Tally. Without this you are not able to enter the quantity and rate in Tally. ·     You cannot change the unit of stock item once you have created entries. You have to delete all the entries to change the unit. To create a unit of measure in Tally, you need to follow t

Excel TEXT Function

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  Introduction The Excel TEXT function returns a number in a given number format as text. You can use the TEXT function to embed formatted numbers inside text. Purpose Convert a number to text in a number format Return value A number as text in the given format.  Syntax =TEXT (value, format_text) Arguments ·          value - The number to convert. ·          format_text - The number format to use. Usage notes The TEXT function returns a number formatted as text. We can display Month as a short We can also short the year as “21” not “2021” The TEXT function is especially useful when you want to embed a number inside text with a certain format. As if we want to disclose the message that “You won $ 100”. The function will be  Note: ·          The TEXT function can be used with custom number formats ·          format_text must appear in double quotation marks. Recommended Articles what is Tally Gateway of Tally Take care of Security in Tally  Basic Accounting Entrie

How to create a ledger in Tally

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  Introduction It is very much easy to create a ledger in Tally. There are total 2 major ways to create a ledger in Tally. One way is to create a Single Ledger and another way is to create it with Multiple Ledgers. When you need to create 1 or 2 ledgers, you can create it with the help of Single Ledger option. On the other hand, when you need to create more ledgers such as 100 ledgers or more ledgers, you can create it easily with the help of an option called Multiple Ledgers. Let us look at both the methods – 1. Single Ledger Method and 2. Multiple Ledger Method Single Ledger Method From Gateway of Tally, go to Accounts Info Then go to Ledgers Now, under Single Ledger, select the option Create You will see a simple Ledger Creation window in which you will have to enter certain details about the ledger Name – The first option is the Name of the ledger. Enter the name of the ledger, for example, Furniture A/c or Building A/c or any person’s name  Under – Every ledger requires a gr