Ledger Creation for FBT

Three ledger are to be created in case of FBT. They are as follows :

• Tax Ledger : Create FBT ledger under the group Duties and Taxes. Select FBT at the field 'Type of Duty/Tax'.
• Party Ledger : Create party ledger under Sundry Creditors/Debtors.
• Expenses Ledger : Create an expense ledger under indirect expenses. Set 'yes' at the option "Is FBT Applicable", list of FBT categories will appear. Select the appropriate option from there.

(Creation of ledger => Gateway of Tally -> Masters -> Accounts info -> Ledger -> Create.)