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What is the use of the F12 configuration Specify default ledgers for allocation in Stock Item master? @ Tally.ERP9

Query

What is the use of the option Specify default ledgers for allocation under F12 configuration in Stock Item master?

Answer

When the option Specify default ledgers for allocation is set to YES, Set/Modify default ledger allocations option appears in the Stock Item master. 

Set/Modify default ledger allocation options allows to choose the default ledgers which should appear during Purchase and Sales invoice entries for that particular item. Defining default ledgers to stock items is useful if the purchase/sales transactions are accounted using Voucher class.

 
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15 Chapters in Tally.ERP9 Book + 21 Chapters in GST Practical Assignment on GST in Tally.ERP9 & All features are described with Practical Problems with Solutions.

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