The next step is to create ledger for the product "Sony Bravia TV 42 inch" created in the previous screen. Let's see how this is created. Click on "Product-Taxes" in the menu bar and again click on "All Product Tax Categories" as shown below
When clicked on "All Product Tax Categories" the following screen appears. In that click on "Edit-Product Tax"
The following screen appears when clicked on "Edit-Product Taxes".
"Select Taxes" as shown below and click on "New Account"