There are 2 predefined ledgers created in Tally ERP 9.  Cash ledger   P&L ledger   The ledger for cash is categorized under "cash on hand.”  The profit and loss account is categorized under primary.   Add the opening balance when the accounting begins.  The initial balance of the ledger is the profit or loss from the previous year. The opening profit/loss is represented by the balance. The opening of the profit and loss account in the liabilities is indicated on the balance sheet.  You can delete as well as edit this ledger.  The ledger can only be modified, not deleted.