Creating Price Lists in Tally provides an option in party (debtor and creditor) ledger accounts, with the help of which you can assign/tag a specific Price Level to the account. You can assign only one Price Level to an account.
You can choose the Price Level that you want to assign to the Ledger by selecting the Price Level from the Price Levels list in the Pricing Level Applicable field. Select Not Applicable if you do not want to assign any Price Levels to the Ledger.
If you want to assign Price Levels to ledgers created earlier, alter the ledger account, tab down to Pricing Level Applicable field and select the applicable price level from the list.
Tab down to Pricing Level Applicable and select Export. Set the other options required. Accept Yes to save.
The Pricing Level can be changed to reflect the current circumstances. For this, simply alter the ledger account and select a different Pricing Level option.