While Creating Ledgers in Tally,We all face the problem of putting ledger in correct head

Hence for your reference this ledger list is prepared.

You can also download the same for future reference

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
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
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
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
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
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
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
   
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
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
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
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
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
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
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
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
All types of Payables like Salary Payable, Audit fees Payable,
   
Sundry Debtors Any Party to Whom Sales Made
Provision for Bad Debts

 

RELEVANT GROUPS IN TALLY FOR PURCHASE SALE ENTRIES

Journal entry VAT .jpeg

Relevant Groups and Ledgers in Tally for GST Entries

GST Journal Entry.jpg

 

If you face any problem in choosing ledger or any problem in Tally, Excel, Accounts or Tax, you can ask us here or learn free at Teachoo.com

(Agar apko ledger chunne main koi dikkat ho,ki kaunsa ledger kis head main ayega to aap humse yaha puch sakte hain ,Tally, Excel, Accounts ,Tax se related bhi saari jankari aap www.teachoo.com se le sakte hai )

 

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About the Author

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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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