Gateway of tally-Accounts info-Group
Bank account Bank Account
Bank Od account Branch/division
Capital account Cash in hand
Current asset Current liability
Deposit Direct expenses
Direct income Indirect expense
Indirect income Duties and tax
Fixed asset Investment
Loans and advance Loan (liability)
Miscellaneous expenses Provisions
Retained earning Reserves and surplus
Purchase account Sales account
Secured loan Stock in hand
Sundry debtor’s Sundry creditors
Suspense Unsecured account
Ledger
|
Group
|
Opening stock
|
Stock in hand
|
Purchase
|
Purchase account
|
Purchase return
|
Purchase account
|
Fright charges
|
Direct expenses
|
Carriage inwards or Purchases
|
Direct expenses
|
Cartage and coolie
|
Direct expenses
|
Octroi
|
Direct expenses
|
Manufacturing wages
|
Direct expenses
|
Coal, gas, water
|
Direct expenses
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Oil and fuel
|
D
irect expenses
|
Factory rent, insurance, electricity, lighting and heating
|
Direct expenses
|
Sales
|
Sales account
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Salary
|
Indirect expenses
|
Postage and telegrams
|
Indirect expenses
|
Telephone charges
|
Indirect expenses
|
Rent paid
|
Indirect expenses
|
Rates and taxes
|
Indirect expenses
|
Insurance
|
Indirect expenses
|
Audit fees
|
Indirect expenses
|
Interest on bank loan
|
Indirect expenses
|
Interest on loans paid
|
Indirect expenses
|
Bank charges
|
Indirect expenses
|
Legal charges
|
Indirect expenses
|
Printing and stationery
|
Indirect expenses
|
General expenses
|
Indirect expenses
|
Sundry expenses
|
Indirect expenses
|
Discount allowed
|
Indirect expenses
|
Carriage outwards or sales
|
Indirect expenses
|
Traveling expenses
|
Indirect expenses
|
Advertisement
|
Indirect expenses
|
Bad debts
|
Indirect expenses
|
Repair renewals
|
Indirect expenses
|
Motor expenses
|
Indirect expenses
|
Depreciation on assets
|
Indirect expenses
|
Interest on investment received
|
Indirect income
|
Interest on deposit received
|
Indirect income
|
Interest on loans received
|
Indirect income
|
Commission received
|
Indirect income
|
Discount received
|
Indirect income
|
Rent received
|
Indirect income
|
Dividend received
|
Indirect income
|
Bad debts recovered
|
Indirect income
|
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
|
Expense outstanding
|
Current Liabilities
|
Income received in advance
|
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
|
Fixed asset
|
Fixtures and fittings
|
Fixed asset
|
Furniture
|
Fixed asset
|
Motor vehicles
|
Fixed asset
|
Plant and machinery
|
Fixed asset
|
Land and building
|
Fixed asset
|
Leasehold property
|
Fixed asset
|
Patents
|
Fixed asset
|
Goodwill
|
Fixed asset
|
Prepaid expenses
|
Current asset
|
Income outstanding
|
Current assset
|
Trading account: Buying and selling of goods.
Dr. Receiving aspect Giving aspect Cr.
Direct expenses
|
Amount
|
Direct Income
|
Amount
| ||
To
|
Opening stock
|
xxx
|
By
|
Sales
|
xxx
|
To
|
Purchases
|
xxx
|
By
|
(-)Sales return
|
xxx
|
To
|
(-)purchase return
|
xxx
|
By
|
Closing stock
|
xxx
|
To
|
Freight charges
|
xxx
| |||
To
|
Cartage and coolie
|
xxx
| |||
To
|
Lorry hire
|
xxx
| |||
To
|
Manufacturing expenses
|
xxx
| |||
To
|
Wages
|
xxx
| |||
To
|
Factory rent, fuel power
|
xxx
| |||
To
|
Gross profit (transfer to profit and loss account)
|
xxx
|
To Profit and loss account: Actual profit and loss of the business
Indirect expenses or payments
|
Amount
|
Indirect income or receipts
|
Amount
| ||
To
|
Salary
|
xxx
|
By
|
Gross profit
|
xxx
|
To
|
Postage and Telegram
|
xxx
|
By
|
Interest on investment received
|
xxx
|
To
|
Telephone charges
|
xxx
|
By
|
Interest on deposit received
|
xxx
|
To
|
Rent paid
|
xxx
|
By
|
Interest on loans received
|
xxx
|
To
|
Rate and taxes
|
xxx
|
By
|
Discount received
|
xxx
|
To
|
Insurance paid
|
xxx
|
By
|
Discount received
|
xxx
|
To
|
Interest on bank loan
|
xxx
|
By
|
Rent received
|
xxx
|
To
|
Bank charges
|
xxx
|
By
|
Bad debts received
|
xxx
|
To
|
Printing and stationery
|
xxx
|
By
|
Net loss
|
xxx
|
To
|
Discount allowed
|
xxx
| |||
To
|
Advertisement
| ||||
To
|
Carriage outward (sales)
| ||||
To
|
Depreciation on assets
| ||||
To
|
General expenses
| ||||
To
|
Traveling
| ||||
To
|
Bad debts
| ||||
To
|
Net profit
|
Balance sheet: Actual financial position
Liabilities
|
Amount
|
Assets
|
Amount
|
Bank loan
|
xxx
|
Cash in hand
|
xxx
|
Bank overdraft
|
xxx
|
Cash at bank
|
xxx
|
Bills payable
|
xxx
|
Fixed deposit at bank
|
xxx
|
Sundry creditors
|
xxx
|
Investments
|
xxx
|
Expenses outstanding
|
xxx
|
Bills receivable
|
xxx
|
Capital
|
xxx
|
Sundry debtors
|
xxx
|
(-)drawings
|
xxx
|
Closing stock
|
xxx
|
Net profit
|
xxx
|
Stock of stationery
|
xxx
|
Furniture
|
xxx
| ||
Plant machinery
|
xxx
| ||
Land and building
|
xxx
| ||
Motor vehicles
|
xxx
| ||
Prepaid expenses
|
xxx
| ||
Income outstanding
|
xxx
|
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