List of Ledgers & It s Under Group In Tally

[Pages:8]List of Ledgers & It's Under Group In Tally

Ledger Name To Be Created Accrued Income Accrued Rent/ Accrued Income Advertisement Expenses Advertisement Payable Air Conditioner Apprentice Premium Audit Fees All Purchase ledger created Amortization Audit Fee Payable Bad Debts Bad Debts Received/Bad Debt Recovered Bad Debts Reserve (last year balance)

Bank

Tally Under Group Head Current Assets Current Assets Indirect Expenses Current Liabilities Fixed Assets Direct Incomes Indirect Expenses Purchase Account Indirect Expenses Provisions Indirect Expenses Indirect Incomes Indirect Incomes Bank Account {All Bank A/c Current A/c, OD A/c, CC A/c, Savings A/c etc. For Axis Bank A/c }

Bank CC Accounts

Bank Balance Bank Charges Bank Commission Bank OD /CC Accounts

Bank OD Accounts/Bank Overdraft

Bank Loan Bills Payable Bills Receivable Bombay Branch Bonds Building Capital Car Car loan Car Expenses Car Repair Carriage Carriage on Sales Cash Cash at Bank CESS

Bank OCC Account {All Bank A/c Current A/c, OD A/c, CC A/c, Savings A/c etc. For Axis Bank A/c } Bank Account Indirect Expenses Indirect Expenses Bank OD A/c ( Bank OCC A/c ) Bank OD Account {All Bank A/c Current A/c, OD A/c, CC A/c, Savings A/c etc. For Axis Bank A/c } Loans & Liabilities Current Liabilities Current Assets Branch & Division Current Assets Fixed Assets Capital Account Fixed Assets Secured Loans {Loans raised by collateral} Indirect Expenses Indirect Expenses Direct Expenses Indirect Expenses Cash in Hand {Default Account} Bank Account Duties & Taxes {Tax Type Selected Cess}

CGST Closing Stock Coal & Fuel Coal, Gas & Water of Factory Coffee Expenses Coke Expenses Commission (Cr.) / Commission Received Commission (Dr.) / Commission Paid Computer & Peripherals Consignment Stock Consumed Material Coolage Creditors Capital Reserve Communication Expense Compound Tax Paid Compound tax payable Computer software Courier Charges Credit Cards CST A/c Custom clearing charges

Customer Ledger

Delivery charges ( Buying raw material) Diesel Expense ( Factory ) Diesel/Petrol Expense Directors Remuneration Divident Payable Debtors Deferred Expenses Deferred Income Delhi Branch Depreciation Depreciation Reserve Difference in Trial Balance (Dr or Cr) Discount (Cr.) / Discount Received Discount (Dr) / Discount Allowed Donation & Charity Partners /Owners Drawings A/c Electricity charges ( Factory )

Duties & Taxes {Type Of Duty Should Be GST} Stock in Hand Direct Expenses Direct Expenses Indirect Expenses Indirect Expenses Indirect Incomes Indirect Expenses Fixed Assets Current Assets Direct Expenses Direct Expenses Sundry Creditors Reserve & Surplus Indirect Expenses Indirect Expenses Provisions Fixed Asset {Most Expensive software if purchased} Indirect Expense Unsecured Loans Duties & Taxes Direct Expense Sundry Debtors {All customers ledger who buys products or services from business} Direct Expense Direct Expense Indirect Expense {For travelling, cars for managers etc} Indirect Expenses Current Liabilities Sundry Debtors Current Assets Current Liabilities Branch & Division Indirect Expenses Current Liabilities Suspense Account Indirect Incomes Indirect Expenses Indirect Expenses Capital Account Direct Expense

Excise Duty Expense Payable Electricity Expenses Expenses on Purchases Expenses on Sales Export Duty Factory Lighting Factory Rent Fixed Deposits Freight Charges Furniture & Fixtures Factory Factory Incomes Farm House FDR Fire Insurance Fitting Charges Received Forex Gain Loss Freight Inward Freight on Purchase (Freight Inward) Freight on Sale (Freight Outward) Freight Outward Fuel & Power of Factory Furniture & Fitting Furniture & Fixture GST Payable IGST Gas and Water General Expenses General Reserve Godown Rent Goods Sent on Consignment Goodwill Housing Loan A/c Horse & Carts House Rent Hundi (Assets) Hundi (Liability) Import Duty Income From Repair Income on Assets

Duties & Taxes Current Liabilities Indirect Expenses Direct Expenses Indirect Expenses Indirect Expenses Direct Expense Direct Expense Deposit ( Asset ) Direct Expense Fixed Asset Fixed Assets Direct Incomes Fixed Assets Current Assets Indirect Expenses Indirect Income Indirect Expenses Direct Expenses Direct Expenses Indirect Expenses Indirect Expenses Direct Expenses Fixed Assets Fixed Assets Current Liabilities Duties & Taxes {Type of duty should be GST} Direct Expenses Indirect Expenses Reserve & Surplus Indirect Expenses Sales Account Fixed Assets Secured Loans Fixed Assets Capital Account Current Assets Current Liabilities Direct Expenses Indirect Incomes Indirect Incomes

Income on Investments Income Tax Income Tax Advance Income Tax payable Income Tax Payable Input VAT 4%, 12.5% Insurance Insurance Claim Insurance Company Interest (Dr.) Interest on Capital Interest on Drawing Interest on Loan Interest Received (Cr.) Invest in Govt. Bond Investment Interest on Income Tax Interest on TCS Interest on TDS Interest on VAT Investment in Share Labour Charges Land & Building Lease Hold Building Legal Expenses LIC Premium (Dr) LIC Refund (Cr) Life Insurance Loan on Mortgage, Loans Loan Account Loans to director Loans to partner Loans to sister concern Loose Tools Loss By Damage Loss by Fire Loss in Transit Loss on Assets Loss on Joint Venture Lease Payable Loading & Unloading Exp

Indirect Incomes Capital Account Current Asset Current Liabilities Provisions Duties & Taxes Indirect Expenses Indirect Incomes Sundry Debtors Indirect Expenses Indirect Expenses Indirect Incomes Indirect Expenses Indirect Incomes Investment Investment Indirect Expense Indirect Expense Indirect Expense Indirect Expense Investments Indirect Expenses Fixed Assets Fixed Assets Direct Expenses Capital Account Capital Account Capital Account Loans & Liabilities Loans ( Liability) Loans & Advances (Asset) Loans & Advances (Asset) Loans & Advances (Asset) Fixed Assets Indirect Expenses Indirect Expenses Indirect Expenses Indirect Expenses Indirect Expenses Current Liabilities Direct Expense

Local Conveyance Long Term Investment Loss By theft Machine & Tools Machine Repair Manager's Commission Manufacturing Expenses Master Plus Miscellaneous Expenses (Office, Building) Miscellaneous Income Motor Cycle Motor Cycle Repair Mutual Fund NSC Deposits Octroi Office Expenses Oil Opening Stock Output VAT 4%, 12.5% Outstanding Expenses Partners salary Penalty Personal Loans Petty Cash A/c Plant & Machinery Pre- operative expense

Prepaid Insurance

Professional Fees Profit & loss account Packing Exp. Pan and Tea Expenses Personal Expenses Petrol Expenses Postage & Telegram Power & Fuel Prepaid Expenses Printing & Advertisement Printing & Stationery Printing, Papers & Advertisement Production Wages

Indirect Expense Fixed Asset Indirect Expense Fixed Assets Indirect Expenses Indirect Expenses Direct Expenses Investment Indirect Expenses Indirect Incomes Fixed Assets Indirect Expenses Investment Deposit ( Asset ) Direct Expenses Indirect Expenses Direct Expenses Stock in Hand Duties & Taxes Current Liabilities Indirect Expense Indirect Expense Unsecured Loans Cash- In ? Hand Fixed Asset Miscellaneous Expense ( Asset) Current Asset {To A/c the insurance paid for the next Financial year} Indirect Expense Profit & Loss A/c {Created automatically} Indirect Expenses Indirect Expenses Capital Account Indirect Expenses Indirect Expenses Direct Expenses Current Assets Indirect Expenses Indirect Expenses Indirect Expenses Direct Expenses

Profit on Consignment Profit on Joint venture Provision for Bad Debts Provision for Discount on Creditors Provision for Discount on Debtors Provision for Office Expenses Purchase Purchase of New Land Purchase of Raw Material Purchase Return Purchase UP/ Ex-UP Partner's Current Account Railway Authority Rates & Taxes Refreshment Expenses Refrigerator Rent Rent & Tax Rent on Purchase Rent Payable Rent Received Repair & Renovation Repairing Charges Received Return Inward Return Outward Rent Expense ( Office ) Repair & Maintenance Round off Royalty Sales Tax A/c Sample Free

Scrap Sale

Scrap Sale Ledger

Secured Credit card A/c Service tax SGST Staff Welfare Expense Students loan

Indirect Incomes Indirect Incomes Indirect Expenses Indirect Incomes Indirect Expenses Current Liabilities Purchase Account Fixed Assets Purchase Account Purchase Account Purchase Account Capital Account Sundry Debtors Indirect Expenses Indirect Expenses Fixed Assets Indirect Expenses Indirect Expenses Direct Expenses Current Liabilities Indirect Incomes Indirect Expenses Indirect Incomes Sales Account Purchase Account Indirect Expense Direct Expense Indirect Expense Direct Expense {For Mining, leasing etc} Duties & Taxes Indirect Expense Indirect Expense {Sale of small Amt. carton box, machinery damaged parts, etc.}

Sales Account {Sale of Machinery or other Big assets attract GST} Secured Loans {Credit cards issued against Fixed Deposit} Duties & Taxes Duties & Taxes (Type of duty should be GST) Indirect Expense Unsecured Loans

Supplier Ledgers

Suspense A/c

Share Capital A/c Salary Salary & Wages Salary Payable Sales Sales Return Sales UP/ Sales Ex-UP Scooter Shares / Bonds Shop Shop Expenses Shop Rent Showroom / Shop Showroom Repair Stable Expenses Stamp & Postage Stationery Stock (1st April and 31st March) Stock of Material Sundry Creditors Sundry Debtors TCS Account TCS Paid TCS Payable TDS Account TDS Paid TDS Payable Tea Exp. Payable Tea & Coffee Expenses Telephone Expenses Telephone Securities Trade Expenses Train Freight & Rent Travelling Expenses Typewriter

Sundry Creditors {The supplier from whom you purchase raw materials & other thing for business in credit}

Suspense A/c {Any unknown payment received, any difference in cash balance could not figured out. Can put the balance under suspense until it is figured out.}

Capital Account Indirect Expenses Indirect Expenses Current Liabilities Sales Account Sales Account Sales Account Fixed Assets Investments Fixed Assets Indirect Expenses Indirect Expenses Fixed Assets Indirect Expenses Indirect Expenses Indirect Expenses Indirect Expenses Stock in Hand Current Assets Sundry Creditors Sundry Debtors Duties & Taxes (Eg: TCS on Motor vehcile) Current Asset Current Liabilities Duties & Taxes {Eg: TDS on Interest} Current Asset Current Liabilities Current Liabilities Indirect Expenses Indirect Expenses Indirect Expenses Indirect Expenses Direct Expenses Indirect Expenses Fixed Assets

Unearned Income UGST Unearned Revenue VAT Payable Vehicle Repair Wages Wages on Production Ware House Expense Water Charges ( Factory )

Current Liabilities Duties & Taxes {Type of duty should be GST} Current Liabilities Current Liabilities Indirect Expenses Direct Expenses Direct Expenses Direct Expenses Direct Expenses

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