Pass the journal entries:

 ABC traders started a business with a capital of Rs. 1,00,000 on April

10, 2021.
 April 19, 2021 - Purchased furniture worth Rs. 75,000.
 April 24, 2021 - Purchased goods on credit from XYZ traders worth Rs.
1,00,000.
 April 30, 2021 - Rent paid Rs. 50,000.
 May 2, 2021 - Goods sold for Rs.20,000 at 10% discount.
 May 15, 2021 - Cash deposited Rs. 50,000 into the bank.

The following are the transactions of Fun Ltd. Record the

transaction in the Journal.

Primary Group List in Tally

 1. Branch/Division 6. Current Assets 11. Indirect Income

2. Capital Accounts 7. Fixed Assets 12. Misc. Expenses

3. Loans 8. Investments 13. Purchase Accounts

4. Suspense Account 9. Sales Accounts 14. Direct Income

5. Current Liabilities 10. Indirect Expenses 15. Direct Expenses

Sub Groups List in Tally

Sundry Creditors Secured Loans Bank Accounts

Stock in Hand Deposits Cash in Hand

Duties & Taxes Banks OD Accounts Loan & Advances (Assets)

Unsecured Loans Provisions Reserves & Surplus

Sundry Debtors

Group Name Ledger Name

Purchase Accounts All types of Purchase Accounts like

Purchase Local 12 %

Purchase Interstate 12%

Purchase Local 0%

Purchase Interstate 0%

Purchase (Composition)

Purchase Exempt (Unregistered Dealer)

Purchase Local (Exempt Registered)

Purchase Taxable (Unregistered Dealer)

Purchase Nil Rated (Unregistered Dealer)

Purchase Reverse Charge

Purchase Import Taxable 12%

Purchase Import Exempt

Purchase Import Nil Rated

Purchase (Own Branch)

 Purchase Return

Sales Account All types of Sales Accounts like

Sales Local 12 % (Registered)

Sales Interstate 12%

Sales Local Nil Rated

Sales Interstate Nil Rated

Salers Export With Bond

Salers Export Taxable

Export (0%)

Sales Local (Exempt Registered)

Sale To Consumer (Taxable 12%)

Sale To Consumer (0%)

Sale To Consumer (Exempt)

 Sales (Own Branch)

Sale Return

Duties and Taxes All types of Taxes like

INPUT CGST SGST IGST CESS

OUTPUT GST SGST IGST CESS

Excise Duty Payable etc

Service Tax Payable

TDS Payables

Input Vat Accounts

Output Vat Accounts

Cenvat Accounts

Sale tax

Income Tax
 VAT Payable

Direct Expenses OR All expenses which appear in Trading Account

Expenses(Direct) (except purchases) like

Labor

Power

Electricity Expense (Factory)

Loading Unloading Expense

Warehousing Expenses

Custom Clearing Charges

Carriage

Freight & Cartage

Import duty

Wages
 Coal & Fuel

Coal, Gas & Water of Factory

Consumed Material

Export Duty

Wages on Production

Delivery Charges(In Purchase Bill

Indirect Expenses OR All Indirect Expenses like

Expense(Indirect)

Rounded Off

Salary

Advertisement Expense

Maintenance Expense

Rent Expense

Director Remuneration Expense

Bad Debts
Printing Expense

Stationary Expense

Foreign Exchange fluctuation

Audit Fees

Professional Charges

Legal Expenses/Charges

Depreciation Expenses

Interest Expense

Penalty

Royalty

Bank charges

Commission allowed

Discount allowed

Donation & charity

Free sample

Insurance premium

Interest on loan

Legal charge

Loss by fire

Postage & courier

Repair charge

Taxi fare

Telephone charge

Travelling expenses

Outstanding expenses

Accrued expenses

Bad debt

Loss on theft
 depriciation

Coffee Expenses

Coke Expenses

Manager’s Commission

UPTT

Fuel Expenses A/c

Liabilty of Expenses

Preliminary Expenses A/c

Professional Fees

All Indirect Income like

Indirect Income OR
Discount Received
Income(Indirect)

Interest on Investment
 Only 2 Accounts Already Created like

Already Created in Tally Cash

Profit and Loss Account

All Bank Current Account

All Bank FD Account

Bank Account

(Personal Savings Account and FD not

recorded)

All types of deposits like

Security Deposit
Deposit Account
Electricity Deposit

Rent Deposit
 All types of Capital Account like

Share Capital

Partner Capital Account

Partner Current Account

Capital A/c Proprietor Account

Drawings

Life insurance

Equity Capital A/c

Partners Capital A/c

Current Assets Prepaid Maintenance Expense

Prepaid Expense

Prepaid Rent

Prepaid Insurance Charges

Interest Receivables
 Bill receivable

Accrued income

Mutual Fund

CGST SGST IGST Credit

Bill drawn

Current Liabilities Bill Payable

CGST SGST IGST Payable

Any Party from Whom Goods Purchased

Sundry Creditor
Party from Whom any Bill of Expense Received

Loans and Advances (Assets) Any Party to whom we gave loan

like Loan Given to Friends Relatives/Related

 Companies

Any Party to whom we gave Advance

like Advance to Supplier

Any Party from whom we take loan.

We can also put group Secured loan or

Unsecured loan

Debenture A/c
Loans Liabilities

Loans From Bank

Loans From Outside Party

Loans From Aravind(Friend)

Fixed Assets All Fixed Assets on which Depreciation charged

like

Furniture

Machine
Plant and Machinery

Mobile

Computers

Furniture and Fittings

Car

Scooter

Laptops

Office lighting

Land & Building

Good will

Factory lighting

Air Conditioner

Accumulated depriciation
 Cash Credit Limit (CC)
Bank OCC
taken from bank

Overdraft Limit (OD)

Bank OD
taken from bank

Any Branch whose Separate Accounting Done

(If branch account maintained by head office

only, then this account not required)
Branch/Divisions

Delhi Branch

Branch in division

Cash in Hand Imprest Account

(Cash kept with Employee)

 Petty Cash

All types of Investments like

Investment in Shares

Investment in Bonds
Investments
Investment in Property/Plot etc.

Long term investment

Short Term Investment

Stock

Closing Stock
Stock-in-hand
Consignment Stock

Opening Stock

Misc. Expense (ASSET) Preliminary Expenses

 NOT yet written off

Suspense Account

Any payment or receipt from party whose name

Suspense A/c
not known

Suspense

Loans for whom Security Given

Secured Loan
like loan from bank/ Financial Institution

Loans taken for whom no Security given

Unsecured Loan Like Short term loan from directors

or loan from friends /relatives

 Any type of reserve like

General Reserve

Capital Reserve

Reserve & Surplus Capital Reserve A/c

Investment Allowance Reserve A/c

Share Premium A/c

Reverse and Surplus

All Provisions except Provisions for bad debts

Provision for Tax

Provision for Expense

Provisions

Provision for Sinking Fund

All types of Payables like Salary Payable, Audit

fees Payable,
 Any Party to Whom Sales Made
Sundry Debtors
Provision for Bad Debts

General Reserve

Retained Earring Share Premium

Any other Reserve

Any Income from main service like

Freight Charges Income

Direct Incomes OR
Income(Direct)
Delivery Charges Income

Transporation Charges Income

Professional Charges Income

Consultancy Charges Income

Maintainance Service Income

Ledger Name Tally Head

Sale Return Sales

Sale Sales

Purchase Return Purchase

Purchase Purchase

Carriage Direct Expenses

Freight & Cartage Direct Expenses

Import duty Direct Expenses

Rent (Dr) Direct Expenses

Royalty Direct Expenses

Wages Direct Expenses

List of Tally Ledgers under Group

List
List of different ledgers and their
groups
Download Tally Ledger list in pdf format

Download Tally Ledger list in Excel Format

 List of Tally Ledgers for Profit &
Loss Account
Ledger name Tally Head

Advertisement Indirect Expenses

Bank charges Indirect Expenses

Bill drawn Indirect Expenses

Carriage Indirect Expenses

Commission allowed Indirect Expenses

Discount allowed Indirect Expenses

Donation & charity Indirect Expenses

Free sample Indirect Expenses

Insurance premium Indirect Expenses

Interest on loan Indirect Expenses

Legal charge Indirect Expenses

Loss by fire Indirect Expenses

Office lighting Indirect Expenses

Petty cashier Indirect Expenses

Postage & courier Indirect Expenses

Printing & stationery Indirect Expenses

Rent (cr) Indirect Expenses

Repair charge Indirect Expenses

Salary Indirect Expenses

Sale tax Indirect Expenses

Taxi fire Indirect Expenses

Telephone charge Indirect Expenses

Trade account Indirect Expenses

Travelling expenses Indirect Expenses

Suspense Suspense

Miscellaneous exp. Miscellaneous exp.

Depreciation Indirect Expenses

Commission Received Indirect Income

Bed Debts Recovered Indirect Income

Interest on Drawing Indirect Income

Discount Received Indirect Income

Interest on Investment Indirect Income

Tally Ledgers

List of Tally Ledgers for Balance

Sheet
Ledger Name Tally Head Ledger Hame Tally Head

Capital Capital Furniture Fixed asset

Drawing Capital Goods Fixed asset

Income Tax Capital Land & Building Fixed asset

Life insurance Capital Long term investment Fixed asset

Reserves &
Reserves & Surplus Machinery & plant Fixed asset
Surplus

Advance Current Liabilities Bank Cash at bank

Bank Current Liabilities Cash Cash in hand

Overdraft

Bill Payable Current Liabilities Stock Stock in Hand

Outstanding
Current Liabilities Debitor name Sundry Debtors
expenses

Salary payable Current Liabilities Bad debtor Sundry Debtors

Creditor name Sundry Creditors Bill receivable Current Assets

Loan Loan Liabilities Goodwill Current Assets

Branch in
Branch in division National plant Current Assets
division

Accrued
Current Liabilities Prepaid expenses Current Assets
expenses

Short Term Investment Current Assets

Accrued income Current Assets

Prepaid rent Misc. Exp.- asset

Loss on theft Stock in Hand