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How to Set Credit Limit in Tally Video Lecture | Tally ERP 9: Complete Training - Software Development
FAQs on How to Set Credit Limit in Tally Video Lecture - Tally ERP 9: Complete Training - Software Development
| 1. How do I set a credit limit in Tally IT & Software? |  |
Ans. To set a credit limit in Tally, follow these steps:
1. Open Tally and go to the Gateway of Tally.
2. Select "Accounts Info" from the menu.
3. Choose "Ledger" and select the ledger for which you want to set a credit limit.
4. Press "Alter" and go to the "Credit Limit" field.
5. Enter the desired credit limit for the ledger.
6. Save the changes.
| 2. Can I set different credit limits for different ledgers in Tally? | |
Ans. Yes, you can set different credit limits for different ledgers in Tally. Simply follow the steps mentioned above for each ledger and set the desired credit limit individually.
| 3. Is it possible to change the credit limit for a ledger in Tally? | |
Ans. Yes, you can change the credit limit for a ledger in Tally at any time. Just follow the steps mentioned in the first question and modify the credit limit as per your requirement.
| 4. What happens if a ledger exceeds its credit limit in Tally? | |
Ans. If a ledger exceeds its credit limit in Tally, it will be considered as an outstanding amount and will be shown as a negative balance in the ledger. It is important to monitor such cases and take necessary actions to avoid any financial issues.
| 5. Can I set a credit limit for multiple ledgers at once in Tally? | |
Ans. No, you cannot set a credit limit for multiple ledgers at once in Tally. The credit limit needs to be set individually for each ledger by following the steps mentioned in the first question.
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