Tally ledger
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This document lists various account groups and account types that could be included in an accounting ledger. It includes accounts for purchases, sales, taxes, expenses, assets, liabilities, equity, and income/expenses. Specifically, it outlines purchase, sales, tax, direct and indirect expense, capital, asset, liability, equity, and income accounts. It also includes bank, branch/division, stock, investment, loan, and provision accounts.
Tally ledger
- 1. teachoo.com Group Name Ledger name Purchase Accounts All types of Purchase Accounts like Purchase 5% Local Purchase 12.5% Local Purchase 2% Central Purchase Import Purchase Central C form Purchase Central F form Purchase Central H form Purchase Central C+ E1 form Purchase Return Sales Account All types of Sales Accounts like Sales 5% Local Sales 12.5% Local
- 2. teachoo.com Sales 2% Central Sales Export Sales Central C form Sales Central F form Sales Central H form Sales Central C+ E1 form Sale Return Duties and Taxes All types of Taxes like Excise Duty Payable etc Service Tax Payable TDS Payables Input Vat Accounts Output Vat Accounts Cenvat Accounts
- 3. teachoo.com Sale tax Income Tax VAT Payable Direct Expenses All expenses which appear in Trading Account (except purchases) like Labor Power Electricity Expense (Factory) Loading Unloading Expense Warehousing Expenses Custom Clearing Charges Carriage Freight & Cartage Import duty Wages
- 4. teachoo.com Coal & Fuel Coal, Gas & Water of Factory Consumed Material Export Duty Wages on Production Delivery Charges(In Purchase Bill Indirect Expenses All Indirect Expenses like Rounded Off Salary Advertisement Expense Maintenance Expense Rent Expense Director Remuneration Expense Bad Debts
- 5. teachoo.com Printing Expense Stationary Expense Foreign Exchange fluctuation Audit Fees Professional Charges Legal Expenses/Charges Depreciation Expenses Interest Expense Penalty Royalty Bank charges Commission allowed Discount allowed Donation & charity Free sample
- 6. teachoo.com Insurance premium Interest on loan Legal charge Loss by fire Postage & courier Repair charge Taxi fare Telephone charge Travelling expenses Outstanding expenses Accrued expenses Bad debt Loss on theft depriciation Coffee Expenses
- 7. teachoo.com Coke Expenses Manager’s Commission UPTT Fuel Expenses A/c Liabilty of Expenses Preliminary Expenses A/c Professional Fees Indirect Income All Indirect Income like Discount Received Interest on Investment Already Created in Tally Only 2 Accounts Already Created like Cash Profit and Loss Account
- 8. teachoo.com Bank Account All Bank Current Account All Bank FD Account (Personal Savings Account and FD not recorded) Deposit Account All types of deposits like Security Deposit Electricity Deposit Rent Deposit Capital A/c All types of Capital Account like Share Capital Partner Capital Account Partner Current Account Proprietor Account
- 9. teachoo.com Drawings Life insurance Equity Capital A/c Partners Capital A/c Current Assets Prepaid Maintenance Expense Prepaid Expense Prepaid Rent Prepaid Insurance Charges Interest Receivables Bill receivable Accrued income Mutual Fund Current Liabilities Bill drawn
- 10. teachoo.com Bill Payable Sundry Creditor Any Party from Whom Goods Purchased Party from Whom any Bill of Expense Received Loans and Advances (Assets) Any Party to whom we gave loan like Loan Given to Friends Relatives/Related Companies Any Party to whom we gave Advance like Advance to Supplier Loans Liabilities Any Party from whom we take loan. We can also put group Secured loan or Unsecured loan Debenture A/c Loans From Bank Loans From Outside Party
- 11. teachoo.com Loans From Aravind(Friend) Fixed Assets All Fixed Assets on which Depreciation charged like Furniture Machine Plant and Machinery Mobile Computers Furniture and Fittings Car Scooter Laptops Office lighting Land & Building Good will
- 12. teachoo.com Factory lighting Air Conditioner Bank OCC Cash Credit Limit (CC) taken from bank Bank OD Overdraft Limit (OD) taken from bank Bank Accounts Indian Bank A/c SBI Bank A/c Branch/Divisions Any Branch whose Separate Accounting Done (If branch account maintained by head office only, then this account not required) Delhi Branch
- 13. teachoo.com Branch in division Cash in Hand Imprest Account (Cash kept with Employee) Petty Cash Investments All types of Investments like Investment in Shares Investment in Bonds Investment in Property/Plot etc. Long term investment Debitor name Short Term Investment Stock-in-hand Stock
- 14. teachoo.com Closing Stock Consignment Stock Opening Stock Misc. Expense (ASSET) Preliminary Expenses NOT yet written off Suspense A/c Suspense Account Any payment or receipt from party whose name not known Suspense Secured Loan Loans for whom Security Given like loan from bank/ Financial Institution Unsecured Loan Loans taken for whom no Security given
- 15. teachoo.com Like Short term loan from directors or loan from friends /relatives Reserve & Surplus Any type of reserve like General Reserve Capital Reserve Capital Reserve A/c Investment Allowance Reserve A/c Share Premium A/c Reverse and Surplus Provisions All Provisions except Provisions for bad debts Provision for Tax Provision for Expense Provision for Sinking Fund
- 16. teachoo.com All types of Payables like Salary Payable, Audit fees Payable, Sundry Debtors Any Party to Whom Sales Made Provision for Bad Debts