✅ How to Create  Capital Account ?

🏦 Creating a Capital Account Ledger

This ledger tracks the money or assets invested by the owner(s) into the business.

👤 Profile Details

• Owner Name: Prakash
• Ledger Name: Prakash – Capital A/c
• Group: Capital Account
• Opening Balance: ₹5,00,000 (Credit)

🪜 Step-by-Step Procedure (TallyPrime 7.0)

1. Gateway of Tally → Select Create (under Masters).
2. Select Ledger and press Enter.
   Shortcut: Press Alt + G → Create Master → Ledger.
3. Name Field: Enter Prakash – Capital A/c.
4. Under Group: Select Capital Account.
5. Maintain balances bill-by-bill: No
6. Cost Centre Applicable: No
7. Mailing Details: Optional (Owner’s personal address if required).
8. Banking Details:
   Set Provide Bank Details to No (Required only if creating a Bank Ledger).
9. GST Details:
   GST is Not Applicable for Capital accounts because it is an investment, not a sale.
10. Opening Balance:
    Enter 5,00,000 and ensure it is marked as Cr (Credit).
    Note: Capital always has a Credit balance.
11. Save: Press Ctrl + A to save.

🧠 Pening Balance vs. Receipt Voucher

• Scenario A: If migrating from old manual books, enter the amount in
  Opening Balance.
• Scenario B: If starting business today, keep opening balance as
  0 and record ₹5,00,000 using a
  Receipt Voucher (F6) so the amount flows into Cash/Bank properly.

📊 Quick View: Capital Account Impact