Ledger under Groups In Tally Prime | TallyPrime Course

1. Bank Accounts 
 Bank ledgers contain relevant information about a bank that you use to make or receive payments.

2. Bank OCC Alc
Bank OCC Full-Form refers to Open Cash Credit. OCC is a type of a bank account that serves enterprises of medium and small sizes

3. Bank OD Alc
 Bank OD account is a current account with bank. When a customer draw over and above his available balance it becomes over draft account.

4. Branch / Divisions 
Permits Sales and Purchase transactions to take place with accounts opened here

5. Capital Account 
 Capital Account: It indicates the initial amount the owner or owners of the business contributed

6. Cash-in-Hand 
 a payment made directly in cash, rather than through a bank. businesses that pay suppliers cash in hand for a cheaper service.

 7. Current Assets 
 Current assets can be defined as an asset which is either cash or cash equivalent or anything which can be converted into cash quickly, usually 1 year .

8. Current Liabilities 
Current liabilities are the short-term debts or obligation which a company needs to pay within a year. salaries due to be paid, amount payable to suppliers, etc

9. Deposits (Asset) 
Deposits (Asset) : Deposits contain Fixed Deposits, Security Deposits or any deposit made by the company
10 Direct Expenses 
Direct Expenses are expense which are directly involved in the production process in case of manufacturing or selling process in case of a trading business.

11 Direct Incomes  / Expenses (Indirect) 
Direct Incomes OR Income(Direct) Any Income from main service like. Freight Charges Income. Delivery Charges Income. Transporation Charges Income.

12 Duties & Taxes
Tax Ledgers should be created under Duties and Taxes group which contains all tax accounts like SGST, CGST, TDS, TCS etc.

13. Expenses (Direct) 
Direct Expenses are expense which are directly involved in the production process in case of manufacturing or selling process in case of a trading business.

14. Fixed Assets 
Fixed assets are the assets, which are responsible to generate revenue for business.

15. Income (Direct)
Direct Incomes OR Income(Direct) Any Income from main service like. Freight Charges Income. Delivery Charges Income. Transporation Charges Income

16. Income (Indirect)
One that is gained from non-business activities is indirect income. Sales of old newspapers, sales of cardboard boxes for instance, etc.

17. Indirect Incomes 
One that is gained from non-business activities is indirect income. Sales of old newspapers, sales of cardboard boxes for instance, etc.

18 Investments
Investment are those assets of businessman by which he earn dividend , interest , rent or.

19 Loans & Advances (Asset) 
 Loans & Advances (Asset) : This records all loans given by the company and advances of a non-trading nature (example: advance against salaries) or even for purchase of Fixed Assets.

20 Loans (Liability) 
Loans (Liability) ... Loans that a company has borrowed, typically long-terms loans. ... Bank OD Accounts [Bank OCC Accounts] : 

21 Provisions 
Provision is the year ended expenditure or liability which will be payable to next year e.g. Salary Payable (for March), Bonus Payable, Leave Encashment Payable or all other expenses which will be paid in next year but period of expenses is current year

22. Purchase Accounts 
The purchases account is a general ledger account in which is recorded the inventory purchases of a business

23. Reserves & Surplus 
Reserves are the funds earmarked for a specific purpose, which the company intends to use in future. The surplus is where the profits of the company reside.

24. Retained Earnings 
Definition: Retained earnings is the cumulative profits and losses of a corporation less its dividends paid to shareholders.

25. Secured Loans 
A secured loan is a loan given out by a financial institution wherein an asset is used as collateral or security for the loan. For example, you can use your house, gold, etc.

26. Stock-in-Hand 

27. Sundry Creditors
Who are sundry creditors? ... Any individual who is responsible for the supplies of the goods or services to another business firm on credit basis,

28. Sundry Debtors
A person who receives goods or services from a business in credit or does not make the payment immediately and is liable to pay the business in the future is called a Sundry Debtor.

29. Suspense Alc 
The Suspense Account is a Balance Sheet item. Any expense account even if it has 'suspense' in its name, it should be opened under Revenue group like Indirect Expenses and not under Suspense Account group.

30. Unsecured Loans 
Unsecured loan is that loan which is given without any security. Suppose, you need $10,000, you show you income and employment verification and other reference

Ledger Name Under (Group)
Bank Bank Account
Bank Balance Bank Account
Cash at Bank Bank Account
Bank Overdraft Bank OD
Bombay Branch Branch & Division
Delhi Branch Branch & Division
Capital Capital Account
Drawing Capital Account
House Rent Capital Account
Income Tax Capital Account
LIC Premium (Dr) Capital Account
LIC Refund (Cr) Capital Account
Life Insurance Capital Account
Personal Expenses Capital Account
Cash Cash in Hand
Accrued Income Current Assets
Accrued Rent/ Accrued Income Current Assets
Bills Receivable Current Assets
Bonds Current Assets
Consignment Stock Current Assets
Deferred Expenses Current Assets
FDR Current Assets
Hundi (Assets) Current Assets
Prepaid Expenses Current Assets
Stock of Material Current Assets
Advertisement Payable Current Liabilities
Bills Payable Current Liabilities
Deferred Income Current Liabilities
Depreciation Reserve Current Liabilities
General Reserve Current Liabilities
Hundi (Liability) Current Liabilities
Outstanding Expenses Current Liabilities
Provision for Office Expenses Current Liabilities
Rent Payable Current Liabilities
Salary Payable Current Liabilities
Tea Exp. Payable Current Liabilities
Unearned Income Current Liabilities
Carriage Direct Expenses
Coal & Fuel Direct Expenses
Coal, Gas & Water of Factory Direct Expenses
Consumed Material Direct Expenses
Coolage Direct Expenses
Expenses on Purchases Direct Expenses
Factory Expenses (Lighting, Power etc.) Direct Expenses
Freight Direct Expenses
Freight Inward Direct Expenses
Freight on Purchase (Freight Inward) Direct Expenses
Fuel & Power of Factory Direct Expenses
Gas and Water Direct Expenses
Import Duty Direct Expenses
Manufacturing Expenses Direct Expenses
Octroi Direct Expenses
Oil Direct Expenses
Power & Fuel Direct Expenses
Production Wages Direct Expenses
Rent on Purchase Direct Expenses
Train Freight & Rent Direct Expenses
Wages Direct Expenses
Wages on Production Direct Expenses
Factory Incomes Direct Incomes
CGST Duties & Taxes
IGST Duties & Taxes
SGST Duties & Taxes
TDS Duties & Taxes
TCS Duties & Taxes
Air Conditioner Fixed Assets
Building Fixed Assets
Car Fixed Assets
Computer Fixed Assets
Factory Fixed Assets
Farm House Fixed Assets
Furniture & Fitting Fixed Assets
Furniture & Fixture Fixed Assets
Goodwill Fixed Assets
Horse & Carts Fixed Assets
Land & Building Fixed Assets
Lease Hold Building Fixed Assets
Loose Tools Fixed Assets
Machine & Tools Fixed Assets
Motor Cycle Fixed Assets
Plant & Machine Fixed Assets
Purchase of New Land Fixed Assets
Refrigerator Fixed Assets
Scooter Fixed Assets
Shop Fixed Assets
Showroom / Shop Fixed Assets
Typewriter Fixed Assets
Advertisement Expenses Indirect Expenses
Audit Fees Indirect Expenses
Bad Debts Indirect Expenses
Bank Charges Indirect Expenses
Bank Commission Indirect Expenses
Car Expenses Indirect Expenses
Car Repair Indirect Expenses
Carriage on Sales Indirect Expenses
Coffee Expenses Indirect Expenses
Coke Expenses Indirect Expenses
Commission (Dr.) Indirect Expenses
Depreciation Indirect Expenses
Discount (Dr) / Discount Allowed Indirect Expenses
Donation Indirect Expenses
Electricity Expenses Indirect Expenses
Expenses on Sales Indirect Expenses
Export Duty Indirect Expenses
Fire Insurance Indirect Expenses
Forex Gain Loss Indirect Expenses
Freight on Sale (Freight Outward) Indirect Expenses
Freight Outward Indirect Expenses
General Expenses Indirect Expenses
Godown Rent Indirect Expenses
Insurance Indirect Expenses
Interest (Dr.) Indirect Expenses
Interest on Capital Indirect Expenses
Interest on Loan Indirect Expenses
Labour Charges Indirect Expenses
Legal Expenses Indirect Expenses
Loss By Damage Indirect Expenses
Loss by Fire Indirect Expenses
Loss in Transit Indirect Expenses
Loss on Assets Indirect Expenses
Loss on Joint Venture Indirect Expenses
Machine Repair Indirect Expenses
Manager’s Commission Indirect Expenses
Miscellaneous Expenses Indirect Expenses
Motor Cycle Repair Indirect Expenses
Office Expenses Indirect Expenses
Packing Exp. Indirect Expenses
Pan and Tea Expenses Indirect Expenses
Petrol Expenses Indirect Expenses
Postage & Telegram Indirect Expenses
Printing & Advertisement Indirect Expenses
Printing & Stationery Indirect Expenses
Printing, Papers & Advertisement Indirect Expenses
Provision for Bad Debts Indirect Expenses
Provision for Discount on Debtors Indirect Expenses
Rates & Taxes Indirect Expenses
Refreshment Expenses Indirect Expenses
Rent Indirect Expenses
Rent & Tax Indirect Expenses
Repair & Renovation Indirect Expenses
Salary Indirect Expenses
Salary & Wages Indirect Expenses
Shop Expenses Indirect Expenses
Shop Rent Indirect Expenses
Showroom Repair Indirect Expenses
Stable Expenses Indirect Expenses
Stamp & Postage Indirect Expenses
Stationery Indirect Expenses
Tea or Coffee Expenses Indirect Expenses
Telephone Expenses Indirect Expenses
Telephone Securities Indirect Expenses
Trade Expenses Indirect Expenses
Travelling Expenses Indirect Expenses
Vehicle Repair Indirect Expenses
Fitting Charges Received Indirect Incomes
Bad Debts Received Indirect Incomes
Bad Debts Reserve (last year balance) Indirect Incomes
Commission (Cr.) / Commission Received Indirect Incomes
Discount (Cr.) / Discount Received Indirect Incomes
Income From Repair Indirect Incomes
Income on Assets Indirect Incomes
Income on Investments Indirect Incomes
Insurance Claim Indirect Incomes
Interest on Drawing Indirect Incomes
Interest Received (Cr.) Indirect Incomes
Miscellaneous Income Indirect Incomes
Profit on Consignment Indirect Incomes
Profit on Jointventure Indirect Incomes
Provision for Discount on Creditors Indirect Incomes
Rent Received Indirect Incomes
Repairing Charges Received Indirect Incomes
Invest in Govt. Bond Investment
Investment Investment
Master Plus Investment
Mutual Fund Investment
Shares / Bonds Investment
Bank Loan Loans & Liabilities
Loan on Mortgage, Loans Loans & Liabilities
Purchase Purchase Account
Purchase of Raw Material Purchase Account
Purchase Return Purchase Account
Purchase UP/ Ex-UP Purchase Account
Return Outward Purchase Account
Goods Sent on Consignment Sales Account
Return Inward Sales Account
Sales Sales Account
Sales Return Sales Account
Sales UP/ Sales Ex-UP Sales Account
Closing Stock Stock in Hand
Opening Stock Stock in Hand
Stock (1st April and 31st March) Stock in Hand
Creditors Sundry Creditors
Sundry Creditors Sundry Creditors
Debtors Sundry Debtors
Insurance Company Sundry Debtors
Railway Authority Sundry Debtors
Sundry Debtors Sundry Debtors
Difference in Trial Balance (Dr or Cr) Suspense Account