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

Purchase Entries and Expense Entries.jpg


Sales Entries and income Entries.jpg


List of different ledgers and their groups

Group Name Ledger Name
Purchase Accounts All types of Purchase Accounts like
Purchase Local 12 %
Purchase Interstate 12%
Purchase Local 0%
Purchase Interstate 0%
Purchase (Composition)
Purchase Exempt (Unregistered Dealer)
Purchase Local (Exempt Registered)
Purchase Taxable (Unregistered Dealer)
Purchase Nil Rated (Unregistered Dealer)
Purchase Reverse Charge
Purchase Import Taxable 12%
Purchase Import Exempt
Purchase Import Nil Rated
Purchase (Own Branch)
Purchase Return
Sales Account All types of Sales Accounts like
Sales Local 12 % (Registered)
Sales Interstate 12%
Sales Local Nil Rated
Sales Interstate Nil Rated
Salers Export With Bond
Salers Export Taxable
Export (0%)
Sales Local (Exempt Registered)
Sale To Consumer (Taxable 12%)
Sale To Consumer (0%)
Sale To Consumer (Exempt)
Sales (Own Branch)
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
Electricity Expense (Factory)
Loading Unloading Expense
Warehousing Expenses
Custom Clearing Charges
Freight & Cartage
Import duty
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
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
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
Coffee Expenses
Coke Expenses
Manager’s Commission
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
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
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
Plant and Machinery
Furniture and Fittings
Office lighting
Land & Building
Good will
Factory lighting
Air Conditioner
Accumulated depriciation
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
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
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



Journal entry VAT .jpeg

Relevant Groups and Ledgers in Tally for GST Entries

GST Journal Entry.jpg


Summary of Different Groups

Profit and loss image.jpg

Balance sheet.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

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.