GROUPS AND LEDGER

 

GROUPS AND ITS LEDGERS IN TALLY

Ledger Name	Group name
Any bank name Cash at bank Ex: Indian bank. ICICI bank	Bank Account
Bank O/D Bank OCC	Bank O/D (Over Draft) Bank OCC (Over Cash credit)
Any branch name Ex: Branch fund, Branch stock	Branch/Divisions
Any capital name Ex: Reliance capital, Ravi capital Drawings (Dr)	Capital A/c
Cash or cash in hand (Default)	Cash-in-hand
Bill receivable Prepaid Expenses Accrued interest Petty cash Subsidiaries Accounts receivable Live in stock Sports equipment Works-in-progress Raw materials Security deposit (Dr)	Current assets
Bills payable Arrears Unpaid expenses Condign liability Bonus payable Royalty payable Outstanding expenses Salary due Commission received in advance Security deposit (Cr) Accounts payable Provident fund Proposed dividend	Current liabilities
Any deposit name Ex: Bank deposit, Fixed deposit	Deposit (Assets)
Wages Fright charges Factory rent Inward charges Carriage inward charges Import duty Gas & fuel & power Royalty on production Factory lighting Any factory Expenses	Direct Expenses
It is not possible	Direct income
Sales tax Service tax Surcharges on tax Excise duty TDS TCS VAT FBT CST	Duties & Taxes
Plant & machinery Land & building Typewriter Motor van & car & bike Furniture & fittings Computer Electric fan Loose tools Free hold property Lease hold property Good will Factory Plant	Fixed assets
Office expense Salaries Bank charges Rent , rates Printing & stationery Postage & telegram Telephone charges Legal charges Audit fee Insurance General expenses Interest on capital Interest on loan Discount allowed Discount on bill Advertisement charges Traveling expenses Commission Bad Debit Bad and doubtful debts Discount on debtors Fright outward Godown rent Carriage outward Agent commission Export expenses Depreciation Repair chares Maintenance charges Trade expense	Indirect expense
Interest received Dividend received Discount received Commission received Rent received Income on investment Interest on debentures Miscellaneous revenue Interest on Drawing Sundry income Bad debit recovered Appreciations	Indirect income
Investing on shares Investment Capital of partnership firm Any investment name	Investment
Loan issued to customers(or) Employees, Advance paid	Loans and advance (Assets)
Bank loan loan (liability) loan received from any party’s secured loan, debentures	Loan (liability) or Secured loan
Preliminary Expenses Misc. Expenses Development exp	Misc. Expenses (Assets)
Any Provision name Provision for Bad debit Provision for Depreciation Provision for Tax	Provisions
Cash purchase Credit purchase Purchase return (Cr)	Purchase Account
Reserve fund Reserves Reserves & surplus Reserve for bad debit	Reserves & surplus
Cash sales Credit sales Sales return (Dr)	Sales Account
Purchase party name (or) Suppliers name	Sundry creditor
Sales party name (OR)  Customer name	Sundry Debtors
Suspense A/c	Suspense A/c
Bank loan (un secured loan)	Unsecured loan
Stock in hand, Opening stock	Stock in Hand,Current Assets(inventory)