An Accounting Ledger is an
account to record transaction entries for final statements (Balance-Sheet,
Income/ Expenditure Account)
Tally Ledger Group List
While creating
ledgers in Tally, we all face the problem about ledgers and their correct head (group).
Hence this
Ledger list is prepared.
Group Name Ledger Name
Capital Account Capital A/c
Drawings A/c
Purchase Accounts Purchase
A/c
Purchase Return A/c
Sales Accounts Sales A/c
Sales Return A/c
Duties & Taxes All types of Taxes like
GST (CGST, SGST, IGST)
CESS
Excise Duty
VAT
TDS
TCS
Bank
Accounts Company’s all Bank Accounts
State
Bank of India A/c
Punjab National Bank A/c
HDFC Bank A/c
ICICI Bank A/c
Fixed
Assets All fixed assets on which
Depreciation Charged like
Computer
Machinery
Building
Plant
Furniture
Indirect
Expenses Company’s all office Expenses like
Salary
Exp.
Commission Exp.
Rent Exp.
Interest Exp.
Bank Charges
Advertisement Exp.
Bad Debts
Audit Fees
Professional Charges
Legal Exp.
Royalty Paid
Free Sample
Interest on Loan
Travelling Exp.
Current
Assets All Expenses which are paid in advance like
Prepaid
Rent
Prepaid Insurance Charges
Mutual Fund
All Incomes which are earned but not received like
Interest
Receivables
Bills Receivables
Sundry Creditors A person
or company who gives goods or service to the business in credit or does not
receive the payment immediately from the business and is liable to receive the
payment from the business in future is called a Sundry Creditor.
Sundry Debtors A person
or company who receives goods or service from the business in credit or does
not make payment immediately to the business and is liable to pay the payment
to the business in future is called a Sundry Debtor.
Bank OCC Cash
credit limit taken from bank.
Bank OD Overdraft
limit taken from bank.
