How to Create Income or Expenses Ledger in GST?

How to Create Income or Expenses Ledger in GST?

Supply of Goods or rendering of Services may like incurred with some extra cost like Freight Charges, Packing Expenses etc which can either form part of stock item or service values. While accounting for expenses and income ledgers have been created under the head of Direct Income,  Direct Expenses, Indirect Income or Indirect Expenses.

To create an Expenses or Income Ledger 

Go to Gateway of Tally - Ledger - Create

Select GST applicable is to no. Select GST at Include is assesseble value for:. Appropriate to Goods, Method of Calculation: Based on Quantity.

Press Enter or Ctrl + A to Save.