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Ledger With Group Tally Prime

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vihanjangid223
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745 views

Ledger With Group Tally Prime

Uploaded by

vihanjangid223
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Tally software automatically creates 28 groups.

• Primary Group

• Sub Group

Primary Group

Group Name Example Ledger

Capital Accounts Share capital, Joes capital

Loan Liabilities Bank loan, loan received from any party

Current Liabilities Payables, outstanding amounts

Current Assets Receivables, Prepaid amounts

Fixed Assets Machinery, Factory, Land & buildings

Investments Investing on shares, any investment names

Sales Accounts Credit sales, sales returns

Purchase Accounts Credit purchase, purchase returns

Suspense Account Suspense ledger

Direct Expenses Wages, Import duty, all purchase & manufacturing expenses

Indirect Expenses Office expenses, selling expenses & financial expenses

Misc.Expenses Development expenses, advertisement expenses,


Direct Income Income earned from the sale of goods and services

Indirect Income Earned by way of Non-business activities (Interest received, discounts)

Branch / Division This maintains ledger accounts of all your company's branches, divisions, affiliates, sister concerns

Sub Group

Group Name Example Ledger

Sundry Creditors Purchase party name or supplier name

Sundry Debtors Sales party name or customer name

Provision Provision for doubtful debts, Provision for tax

Cash in hand Liquid cash in company

Duties & Taxes Service tax, CGST, IGST,SGST

Deposit(asset) Fixed deposits

Bank Accounts Indian bank, SBI bank (any bank name)

Loans & Advance (Assets) Salary advance, loans to partner

Bank OD & OCC Account Bank OD, bank OCC

Secured Loans Car loan, Home loan

Unsecured Loans Credit cards, student loan

Stock in hand Opening stock, closing stock


Reserves & Surplus General Reserves , Capital Reserves (Funds set aside to pay future obligations )

Group and Ledger

Ledger Name Group Name

Any bank name Bank Account

Cash at bank

Ex: Indian bank. ICICI bank

Bank O/D Bank O/D (Over Draft)

Bank OCC Bank OCC (On Cash Credit or Over Cash credit)

Any branch name Branch/Divisions

Ex: Branch fund, Branch stock

Any capital name Capital A/c

Ex: Reliance capital, Ravi capital Drawings (Dr)

Cash or cash in hand (Default) Cash-in-hand

Bill receivable Current assets

Prepaid Expenses

Accrued interest

Petty cash
Subsidiaries

Accounts receivable

Live in stock

Sports equipment

Works-in-progress

Raw materials

Security deposit (Dr)

Bills payable Current liabilities

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

Any deposit name Deposit (Assets

Ex: Bank deposit, Fixed deposit

Wages Direct Expenses

Fright charges

Factory rent

Inward charges

Carriage inward charges

Import duty

Gas & fuel & power

Royalty on production

Factory lighting

Any factory Expenses

It is not possible Direct income

Sales tax Duties & Taxes

Service tax

Surcharges on tax
Excise duty

TDS

TCS

VAT

FBT

CST

Plant & machinery Plant

Land & building

Typewriter

Motor van & car & bike

Furniture & fittings

Computer

Electric fan

Loose tools

Free hold property

Lease hold property

Good will

Factory
Plant

Office expense Indirect 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

Interest received Indirect income

Dividend received

Discount received

Commission received

Rent received
Income on investment

Interest on debentures

Miscellaneous revenue

Interest on

debentures

Miscellaneous

revenue Interest on

Drawing Sundry

income

Bad debit recovered

Appreciations

Investing on shares Investment

Investment

Capital of partnership firm

Any investment name

Loan issued to customers Loans and advance (Assets)

Employees, Advance paid

Bank loan Loan (liability) or Secured loan


loan (liability)

loan received from any party’s

secured loan, debentures

Preliminary Expenses Misc. Expenses (Assets)

Misc. Expenses

Development exp

Any Provision name Provisions

Provision for Bad debit

Provision for Depreciation

Provision for Tax

Cash purchase Purchase Account

Credit purchase

Purchase return (Cr)

Reserve fund Reserves & surplus

Reserves

Reserves & surplus

Reserve for bad debit

Cash sales Sales Account


Credit sales

Sales return (Dr)

Purchase party name Sundry creditor

Suppliers name

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

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