Ledger Name | Group Name | OPENING BALANCE |
Share Premium A/c | Reserve & Surplus | NILL |
Export (0%) | Sales Account | NILL |
Delhi Branch | Branch/Divisions | NILL |
Coke Expenses | Indirect Expenses OR Expense(Indirect) | NILL |
Salary | Indirect Expenses OR Expense(Indirect) | NILL |
General Reserve | Retained Earring | NILL |
Interest on Investment | Indirect Income OR Income(Indirect) | NILL |
like Advance to Supplier | Loans and Advances (Assets) | NILL |
Consumed Material | Direct Expenses OR Expenses(Direct) | NILL |
Bill receivable | Current Assets | NILL |
Commission allowed | Indirect Expenses OR Expense(Indirect) | NILL |
Professional Charges Income | Direct Incomes OR Income(Direct) | NILL |
Audit Fees | Indirect Expenses OR Expense(Indirect) | NILL |
Manager’s Commission | Indirect Expenses OR Expense(Indirect) | NILL |
Coal, Gas & Water of Factory | Direct Expenses OR Expenses(Direct) | NILL |
Furniture and Fittings | Fixed Assets | NILL |
Freight & Cartage | Direct Expenses OR Expenses(Direct) | NILL |
Loading Unloading Expense | Direct Expenses OR Expenses(Direct) | NILL |
Bad Debts | Indirect Expenses OR Expense(Indirect) | NILL |
Life insurance | Capital A/c | NILL |
Long term investment | Investments | NILL |
depriciation | Indirect Expenses OR Expense(Indirect) | NILL |
Import duty | Direct Expenses OR Expenses(Direct) | NILL |
Coal & Fuel | Direct Expenses OR Expenses(Direct) | NILL |
Party from Whom any Bill of Expense Received | Sundry Creditor | NILL |
Sales Local Nil Rated | Sales Account | NILL |
(Personal Savings Account and FD not recorded) | Bank Account | NILL |
Car | Fixed Assets | NILL |
Laptops | Fixed Assets | NILL |
UPTT | Indirect Expenses OR Expense(Indirect) | NILL |
Factory lighting | Fixed Assets | NILL |
Freight Charges Income | Direct Incomes OR Income(Direct) | NILL |
All Indirect Expenses like | Indirect Expenses OR Expense(Indirect) | NILL |
Loans From Outside Party | Loans Liabilities | NILL |
Loss on theft | Indirect Expenses OR Expense(Indirect) | NILL |
Provision for Expense | Provisions | NILL |
Loans From Aravind(Friend) | Loans Liabilities | NILL |
INPUT CGST SGST IGST CESS | Duties and Taxes | NILL |
Delivery Charges(In Purchase Bill | Direct Expenses OR Expenses(Direct) | NILL |
Purchase Return | Purchase Accounts | NILL |
Labor | Direct Expenses OR Expenses(Direct) | NILL |
Share Capital | Capital A/c | NILL |
taken from bank | Bank OCC | NILL |
Discount allowed | Indirect Expenses OR Expense(Indirect) | NILL |
Sale To Consumer (Exempt) | Sales Account | NILL |
Electricity Deposit | Deposit Account | NILL |
Mobile | Fixed Assets | NILL |
All types of Capital Account like | Capital A/c | NILL |
Purchase (Own Branch) | Purchase Accounts | NILL |
Input Vat Accounts | Duties and Taxes | NILL |
Telephone charge | Indirect Expenses OR Expense(Indirect) | NILL |
Fuel Expenses A/c | Indirect Expenses OR Expense(Indirect) | NILL |
Rounded Off | Indirect Expenses OR Expense(Indirect) | NILL |
Any other Reserve | Retained Earring | NILL |
Accrued income | Current Assets | NILL |
Carriage | Direct Expenses OR Expenses(Direct) | NILL |
Service Tax Payable | Duties and Taxes | NILL |
Maintainance Service Income | Direct Incomes OR Income(Direct) | NILL |
or loan from friends /relatives | Unsecured Loan | NILL |
Prepaid Insurance Charges | Current Assets | NILL |
Interest Receivables | Current Assets | NILL |
Security Deposit | Deposit Account | NILL |
Air Conditioner | Fixed Assets | NILL |
Stationary Expense | Indirect Expenses OR Expense(Indirect) | NILL |
Rent Expense | Indirect Expenses OR Expense(Indirect) | NILL |
Legal Expenses/Charges | Indirect Expenses OR Expense(Indirect) | NILL |
Any Party to Whom Sales Made | Sundry Debtors | NILL |
like Loan Given to Friends Relatives/Related Companies | Loans and Advances (Assets) | NILL |
Like Short term loan from directors | Unsecured Loan | NILL |
Any Party to whom we gave Advance | Loans and Advances (Assets) | NILL |
Sales Local (Exempt Registered) | Sales Account | NILL |
OUTPUT GST SGST IGST CESS | Duties and Taxes | NILL |
(Cash kept with Employee) | Cash in Hand | NILL |
All expenses which appear in Trading Account (except purchases) like | Direct Expenses OR Expenses(Direct) | NILL |
Outstanding expenses | Indirect Expenses OR Expense(Indirect) | NILL |
Purchase Local (Exempt Registered) | Purchase Accounts | NILL |
Capital Reserve A/c | Reserve & Surplus | NILL |
Taxi fare | Indirect Expenses OR Expense(Indirect) | NILL |
Sales Interstate Nil Rated | Sales Account | NILL |
Postage & courier | Indirect Expenses OR Expense(Indirect) | NILL |
Purchase (Composition) | Purchase Accounts | NILL |
Profit and Loss Account | Already Created in Tally | NILL |
Penalty | Indirect Expenses OR Expense(Indirect) | NILL |
Printing Expense | Indirect Expenses OR Expense(Indirect) | NILL |
Salers Export Taxable | Sales Account | NILL |
Loans taken for whom no Security given | Unsecured Loan | NILL |
Cash | Already Created in Tally | NILL |
Coffee Expenses | Indirect Expenses OR Expense(Indirect) | NILL |
Electricity Expense (Factory) | Direct Expenses OR Expenses(Direct) | NILL |
Stock | Stock-in-hand | NILL |
Liabilty of Expenses | Indirect Expenses OR Expense(Indirect) | NILL |
Overdraft Limit (OD) | Bank OD | NILL |
Closing Stock | Stock-in-hand | NILL |
All Provisions except Provisions for bad debts | Provisions | NILL |
Imprest Account | Cash in Hand | NILL |
Discount Received | Indirect Income OR Income(Indirect) | NILL |
TDS Payables | Duties and Taxes | NILL |
Drawings | Capital A/c | NILL |
Land & Building | Fixed Assets | NILL |
Director Remuneration Expense | Indirect Expenses OR Expense(Indirect) | NILL |
Cash Credit Limit (CC) | Bank OCC | NILL |
Any payment or receipt from party whose name not known | Suspense A/c | NILL |
Partner Current Account | Capital A/c | NILL |
Preliminary Expenses A/c | Indirect Expenses OR Expense(Indirect) | NILL |
Consultancy Charges Income | Direct Incomes OR Income(Direct) | NILL |
Share Premium | Retained Earring | NILL |
Warehousing Expenses | Direct Expenses OR Expenses(Direct) | NILL |
Any Branch whose Separate Accounting Done | Branch/Divisions | NILL |
Petty Cash | Cash in Hand | NILL |
All types of Sales Accounts like | Sales Account | NILL |
Cenvat Accounts | Duties and Taxes | NILL |
Prepaid Rent | Current Assets | NILL |
Donation & charity | Indirect Expenses OR Expense(Indirect) | NILL |
All Bank Current Account | Bank Account | NILL |
Purchase Reverse Charge | Purchase Accounts | NILL |
Purchase Taxable (Unregistered Dealer) | Purchase Accounts | NILL |
Sale Return | Sales Account | NILL |
Sales Interstate 12% | Sales Account | NILL |
Prepaid Expense | Current Assets | NILL |
Wages | Direct Expenses OR Expenses(Direct) | NILL |
Only 2 Accounts Already Created like | Already Created in Tally | NILL |
Provision for Bad Debts | Sundry Debtors | NILL |
Loans for whom Security Given | Secured Loan | NILL |
Delivery Charges Income | Direct Incomes OR Income(Direct) | NILL |
Accrued expenses | Indirect Expenses OR Expense(Indirect) | NILL |
Proprietor Account | Capital A/c | NILL |
Bank charges | Indirect Expenses OR Expense(Indirect) | NILL |
Partner Capital Account | Capital A/c | NILL |
Accumulated depriciation | Fixed Assets | NILL |
like loan from bank/ Financial Institution | Secured Loan | NILL |
Income Tax | Duties and Taxes | NILL |
Debenture A/c | Loans Liabilities | NILL |
Sales Local 12 % (Registered) | Sales Account | NILL |
Partners Capital A/c | Capital A/c | NILL |
Prepaid Maintenance Expense | Current Assets | NILL |
Preliminary Expenses | Misc. Expense (ASSET) | NILL |
All Bank FD Account | Bank Account | NILL |
Mutual Fund | Current Assets | NILL |
Professional Fees | Indirect Expenses OR Expense(Indirect) | NILL |
Investment in Property/Plot etc. | Investments | NILL |
Short Term Investment | Investments | NILL |
Interest Expense | Indirect Expenses OR Expense(Indirect) | NILL |
Sale To Consumer (0%) | Sales Account | NILL |
Good will | Fixed Assets | NILL |
Advertisement Expense | Indirect Expenses OR Expense(Indirect) | NILL |
Opening Stock | Stock-in-hand | NILL |
Royalty | Indirect Expenses OR Expense(Indirect) | NILL |
Loans From Bank | Loans Liabilities | NILL |
Purchase Local 12 % | Purchase Accounts | NILL |
Maintenance Expense | Indirect Expenses OR Expense(Indirect) | NILL |
Any Party from Whom Goods Purchased | Sundry Creditor | NILL |
Suspense Account | Suspense A/c | NILL |
Professional Charges | Indirect Expenses OR Expense(Indirect) | NILL |
Power | Direct Expenses OR Expenses(Direct) | NILL |
Output Vat Accounts | Duties and Taxes | NILL |
Consignment Stock | Stock-in-hand | NILL |
All types of Payables like Salary Payable, Audit fees Payable, | Provisions | NILL |
General Reserve | Reserve & Surplus | NILL |
Purchase Interstate 0% | Purchase Accounts | NILL |
Investment Allowance Reserve A/c | Reserve & Surplus | NILL |
Sale tax | Duties and Taxes | NILL |
Loss by fire | Indirect Expenses OR Expense(Indirect) | NILL |
Repair charge | Indirect Expenses OR Expense(Indirect) | NILL |
Any Party to whom we gave loan | Loans and Advances (Assets) | NILL |
(If branch account maintained by head office only, then this account not required) | Branch/Divisions | NILL |
Insurance premium | Indirect Expenses OR Expense(Indirect) | NILL |
Reverse and Surplus | Reserve & Surplus | NILL |
We can also put group Secured loan or Unsecured loan | Loans Liabilities | NILL |
Furniture | Fixed Assets | NILL |
Purchase Import Nil Rated | Purchase Accounts | NILL |
Machine | Fixed Assets | NILL |
Suspense | Suspense A/c | NILL |
CGST SGST IGST Payable | Current Liabilities | NILL |
Purchase Import Taxable 12% | Purchase Accounts | NILL |
taken from bank | Bank OD | NILL |
All types of Taxes like | Duties and Taxes | NILL |
VAT Payable | Duties and Taxes | NILL |
Any Party from whom we take loan. | Loans Liabilities | NILL |
Any Income from main service like | Direct Incomes OR Income(Direct) | NILL |
Purchase Nil Rated (Unregistered Dealer) | Purchase Accounts | NILL |
Purchase Exempt (Unregistered Dealer) | Purchase Accounts | NILL |
Bill Payable | Current Liabilities | NILL |
Rent Deposit | Deposit Account | NILL |
Purchase Import Exempt | Purchase Accounts | NILL |
Bill drawn | Current Liabilities | NILL |
Transporation Charges Income | Direct Incomes OR Income(Direct) | NILL |
Export Duty | Direct Expenses OR Expenses(Direct) | NILL |
Legal charge | Indirect Expenses OR Expense(Indirect) | NILL |
Sale To Consumer (Taxable 12%) | Sales Account | NILL |
Wages on Production | Direct Expenses OR Expenses(Direct) | NILL |
Equity Capital A/c | Capital A/c | NILL |
Branch in division | Branch/Divisions | NILL |
Purchase Local 0% | Purchase Accounts | NILL |
Excise Duty Payable etc | Duties and Taxes | NILL |
Sales (Own Branch) | Sales Account | NILL |
Provision for Tax | Provisions | NILL |
CGST SGST IGST Credit | Current Assets | NILL |
Computers | Fixed Assets | NILL |
Foreign Exchange fluctuation | Indirect Expenses OR Expense(Indirect) | NILL |
Plant and Machinery | Fixed Assets | NILL |
Travelling expenses | Indirect Expenses OR Expense(Indirect) | NILL |
Depreciation Expenses | Indirect Expenses OR Expense(Indirect) | NILL |
Investment in Bonds | Investments | NILL |
Interest on loan | Indirect Expenses OR Expense(Indirect) | NILL |
Purchase Interstate 12% | Purchase Accounts | NILL |
Salers Export With Bond | Sales Account | NILL |
Any type of reserve like | Reserve & Surplus | NILL |
Scooter | Fixed Assets | NILL |
Office lighting | Fixed Assets | NILL |
Custom Clearing Charges | Direct Expenses OR Expenses(Direct) | NILL |
All types of Purchase Accounts like | Purchase Accounts | NILL |
Free sample | Indirect Expenses OR Expense(Indirect) | NILL |
All Indirect Income like | Indirect Income OR Income(Indirect) | NILL |
Bad debt | Indirect Expenses OR Expense(Indirect) | NILL |
All types of deposits like | Deposit Account | NILL |
Provision for Sinking Fund | Provisions | NILL |
Investment in Shares | Investments | NILL |
Capital Reserve | Reserve & Surplus | NILL |