What is Ledger Groups In Tally ERP 9 Notes

What is a ledger group in Tally and how to create a group in Tally

What is Tally Ledger Group? There is a group of accounts / ledger by which Tally identifies the account / account created by us, so that they understand the transaction and give us the result.

This is an important fact through which Tally understands the transactions, like – SMS charge account this is one type of expense which we have to tell Tally that this is an indirect expense so group has been created in Tally so that Tally can track our transactions. can identify and will give us the correct result.

If we put SMS charge account in indirect income group instead of indirect expense, then Tally will take it as income. Therefore it is very important to enter the correct group in tally.

Formerly formed group in Tally –

Ledger	Under Group
Opening stock	Stock in hand
Purchase, Purchase return	Purchase account
Fright charges Carriage inwards or Purchases Cartage and coolie Octroi Manufacturing wages Coal, gas, water Oil and fuel Factory rent, insurance, electricity, lighting and heating	Direct expenses
Sales	Sales account
Salary Postage and telegrams a/c Telephone charges A/c Rent paid a/c Rates and taxes Insurance a/c Audit fees Interest on bank loan Interest on loans paid Bank charges Legal charges Printing and stationery General expenses Sundry expenses Discount allowed Carriage outwards or sales Traveling expenses Advertisement Bad debts Repair renewals Motor expenses	Indirect expenses

Tally Ledger Group

Depreciation on assets	Indirect expenses
Interest on investment received Interest on deposit received Interest on loans received Commission received Discount received Rent received Dividend received Bad debts recovered Profit by sale of assets	Indirect Income
Sundry income	Indirect income
Loan from others	Loan Liabilities
Bank loan	Loan  Liabilities
Bank overdraft	Bank OD
Bills payable	Current Liabilities
Sundry creditors	Sundry creditors
Mortgage loans	Secured loans

Tally Ledger Group

Tally Ledger Group Download PDF

Expense outstanding a/c Income received in advance a/c	Current Liabilities
Other liabilities	Current  Liabilities
Capital	Capital account
Drawings	Capital account
Cash in hand	Cash in hand
Cash at bank	Bank account
Fixed deposit at bank	Deposit
Investments	Investments
Bills receivable	Current asset
Sundry debtors	Sundry debtors
Closing stock	Stock in hand
Stock of stationery	Current asset

Loose tools a/c Fixtures and fittings a/c Furniture a/c Motor vehicles a/c Plant and machinery a/c Land and building a/c Leasehold property a/c	Fixed asset
Patents a/c	Fixed asset
Goodwill a/c	Fixed asset
Prepaid expenses a/c	Current asset
Income outstanding a/c	Current assset

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