TALLY LEDGER UNDER GROUP LIST

S.NO. LEDGER UNDER BALANCE

1 ADVERTISEMENT INDIRECT EXP. DR
2 AUDIT FEES INDIRECT EXP. DR
3 BAD DEBTS INDIRECT EXP. DR
4 BAD DEBTS (NEW) INDIRECT EXP. DR
5 BAD DEBTS RECOVERED INDIRECT INCOME CR
6 BANK BANK DR
7 BANK CHARGES INDIRECT EXP. DR
8 BANK OVERDRAFT BANK OVERDRAFT CR
9 BILLS PAYABLE OR(B\P) CURRENT LIABILITIES CR
10 BILLS RECEIVE OR (B\R) CURRENT ASSETS DR
11 BOXES & LABELS DIRECT EXP. DR
12 BROKERAGE INDIRECT EXP. DR
13 BUSINESS PREMISES FIXED ASSETS DR
14 CAPITAL CAPITAL CR
15 CARRIAGE DIRECT EXP. DR
16 CARRIAGE INWARD DIRECT EXP. DR
17 CARRIAGE ON PURCHASE DIRECT EXP. DR
18 CARRIAGE OUTWARD INDIRECT EXP. DR
19 CARTAGE DIRECT EXP. DR
20 CASH AT BANK BANK DR
21 CASH IN HAND CASH DR
22 CHARITY INDIRECT EXP. DR
23 COMMISSION INDIRECT EXP. DR
24 COMMISSION (CR) INDIRECT INCOME CR
25 CONVEYANCES INDIRECT EXP. DR
26 CUSTOM DUTY ON IMPORT DIRECT EXP. DR
27 DEPERICATION INDIRECT EXP. DR
28 DISCOUNT INDIRECT EXP. DR
29 DISCOUNT ON (CR) INDIRECT INCOME CR
30 DISCOUNT ON (DR) INDIRECT EXP. DR
31 DISTRIBUTIVE EXP. INDIRECT EXP. DR
32 DOCK CHARGES DIRECT EXP. DR
33 DRAWING CAPITAL DR
34 ELECTRIC CHARGE DIRECT EXP. DR
35 ENTERTAINMENTS EXP. INDIRECT EXP. DR
36 ESTABLISHMENT EXP. INDIRECT EXP. DR
37 EXPORT DUTY INDIRECT EXP. DR
38 FACTORY EXP. DIRECT EXP. DR
39 FACTORY EXP. & INSURANCE DIRECT EXP. DR
40 FREEHOLD /LEASEHOLD LAND FIXED ASSETS DR
41 FREIGHT INWARD DIRECT EXP. DR
42 FREIGHT OUTWARD INDIRECT EXP. DR
43 FUEL HEATING & LIGHTING DIRECT EXP. DR
44 FURNITURE & FITTINGS FIXED ASSETS DR
45 GAS WATER & OIL DIRECT EXP. DR
46 GENERAL EXP. INDIRECT EXP. DR
47 GOODWILL FIXED ASSETS DR
48 GREASE DIRECT EXP. DR
49 HORSES & CARTS FIXED ASSETS DR
50 INSURANCE INDIRECT EXP. DR
51 INTEREST INDIRECT EXP. DR
52 INTEREST (CR) INDIRECT INCOME CR
53 INTEREST ON CAPITAL INDIRECT EXP. DR
54 INTEREST ON DRAWING INDIRECT INCOME CR
55 INVESTMENTS INVESTMENT DR
56 LAND & BUILDING FIXED ASSETS. DR
57 LEGAL CHARGES & LAW FEES INDIRECT EXP. DR
58 LICENCE FEES INDIRECT EXP. DR
59 LOAN & ADVANCE CURRENT ASSETS DR
60 LOAN (CR) LOAN (LIABILITY) CR
61 LOAN (DR) CURRENT ASSETS DR
62 LOSS BY THEFT. FIRE INDIRECT EXP. DR
63 MANUFACTURING EXP. DIRECT EXP. DR
64 MISCESSANCEOUS EXP. INDIRECT EXP. DR
65 MOTIVE POWER COAL DIRECT EXP. DR
66 OCTORI DIRECT EXP. DR
67 OFFICE EXP. INDIRECT EXP. DR
68 OFFIEC LIGHTINGS INDIRECT EXP. DR
69 OUTSTANDING EXP. CURRENT LIABILITY CR
70 OUTSTANDING INCOME CURRENT ASSETS DR
71 PACKING CHARGES INDIRECT EXP. DR
72 PATENTS AND TRADE MARKS INDIRECT EXP. DR
73 PLANT & MACHINERY FIXED ASSETS DR
74 POSTAGE & TELEGRAM INDIRECT EXP. DR
75 PREPAID EXP. CURRENTS ASSETS DR
76 PREPAID INCOME CURRENTS ASSETS DR
77 PROVISION FOR BAD DEBTS(NEW) INDIRECT EXP. DR
78 PROVISION FOR BAD DEBTS(OLD) INDIRECT EXP. DR
79 PURCHASE PURCHASE A/C DR
80 PURCHASE RETURN PURCHASE A/C DR
81 RAIDO SET FIXED ASSETS DR
82 RENT INDIRECT EXP. DR
83 RENT FROM TENANTS INDIRECT INCOME CR
84 REPAIR & RENEWALS INDIRECT EXP. DR
85 REPAIR TO TYPEWRITER INDIRECT EXP. DR
86 RESERVE FUND RESERVE & SURPLUS DR
 87 RETURN INWARD SALES CR
88 RETURN OUTWARD PURCHASE DR
89 ROYALTIES BASED ON PRODUCTION DIRECT EXP. DR
90 SALARY INDIRECT EXP. DR
91 SALES SALES CR
92 SALES RETURN SALES DR
93 STABLE EXP. INDIRECT EXP. DR
94 STATIONARY & PRINTING INDIRECT EXP. DR
95 STATIONERY INDIRECT EXP. DR
96 STOCK STOCK IN HAND DR
97 SUNDRY CREDITORS SUNDRY CREDITORS CR
98 SUNDRY DEBTORS SUNDRY DEBTORS DR
99 SUNDRY RECEIPTS INDIRECT INCOME CR
100 SUNDRY TRADE EXP. INDIRECT EXP. DR
101 TELEPHONE EXP. INDIRECT EXP. DR
102 TOOLS FIXED ASSETS DR
103 TRAVELLING EXP. INDIRECT EXP. DR
104 UNEXPIRED INSURANCE CURRENT ASSETS DR
105 UP KEEP OF CARS & VANS INDIRECT EXP. DR
106 V.P.P PURCHASE A/C DR
107 WAGES DIRECT EXP. DR
108 WAGES & SALARY DIRECT EXP. DR
Tally Ledger under Group list
BALANCE SHEET
Ledger Name Tally Head Ledger Name 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 & SURPLUS RESERVES & SURPLUS MACHINARY & PLANT FIXED ASSET
ADVANCE CURRENT LIBILITIES BANK CASH AT BANK
BANK OVERDRAFT CURRENT LIBILITIES CASH CASH IN HAND
BILL PAYABLE CURRENT LIBILITIES STOCK STOCK IN HAND
OUTSTANDING EXPENSES CURRENT LIBILITIES DEBITOR NAME SUNDRY DEBITOR
SALARY PAYABLE CURRENT LIBILITIES BAD DEBITOR SUNDRY DEBITOR
CREDITOR NAME SUNDRY CREDITOR BILL RECEIVABLE CURRENT ASSETS
LOAN LOAN LIABILITIES GOOD WILL CURRENT ASSETS
BRANCH IN DIVISION BRANCH IN DIVISION NATIONAL PLANT CURRENT ASSETS
ACCRUED EXPENSES CURRENT LIBILITIES PREPAID EXPENSES CURRENT ASSETS
SHORTTERM INVESTMENT CURRENT ASSETS
PREPAID RENT MISC. EXP.- Asset
LOSS ON THEFT STOCK IN HAND
ACCRUED INCOME CURRENT ASSETS

TRADING A/C

Ledger Name Tally Head Ledger Name Tally Head

Ledger Name Tally Head Ledger Name Tally Head

PUR.RETURNS PURCHASE SALE RETURN SALES

PURCHASE PURCHASE SALES SALES
CARRIEGE DIRECT EXPENSES
FACTORY LIGHTING DIRECT EXPENSES
FRIEGHT & CARTAGE DIRECT EXPENSES
IMPORT DUTY DIRECT EXPENSES
RENT (DR) DIRECT EXPENSES
ROYALITY DIRECT EXPENSES
WAGES DIRECT EXPENSES
 PROFIT & LOSS A/C

Ledger Name Tally Head Ledger Name Tally Head

ADVERTISEMENT INDIRECT EXPENSES BAD DEBITOR RECOVERED INDIRECT INCOME

BANK CHARGES INDIRECT EXPENSES COMMISSION RECEIVED INDIRECT INCOME
BILL DRAWN INDIRECT EXPENSES DISCOUNT RECEIVED INDIRECT INCOME
CARRIAGE INDIRECT EXPENSES INTREST ON DRAWING INDIRECT INCOME
COMMISSION ALLOWED INDIRECT EXPENSES INTREST ON INVESTMENT INDIRECT INCOME
DISCOUNT ALLOWED INDIRECT EXPENSES
DONATION & CHARITY INDIRECT EXPENSES
FREE SAMPLE INDIRECT EXPENSES
INSURANCE PREMIUM INDIRECT EXPENSES
INTEREST ON LOAN INDIRECT EXPENSES
LEAGAL 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
SEPRECIATION INDIRECT EXPENSES
TAXI FIRE INDIRECT EXPENSES
TELEPHONE CHARGE INDIRECT EXPENSES
TRADE ACCOUNT INDIRECT EXPENSES
TRAVELLING EXPENSES INDIRECT EXPENSES
SUSPANSE SUSPANSE
MISSCELLANEOUS EXP. MISSCELLANEOUS EXP.
DEPRICIATION INDIRECT EXPENSES
 FINAL ACCOUNT
Q. 1 YOUR ARE REQUIRED TO PREPARE THE TRADING AND PROFIT & LOSS ACCOUNT AND
BANANCE SHEET.

LEDGER AMOUNT LEDGER AMOUNT

CAPITAL 3600 SALARIES 600
MACHINERY 700 GENERAL EXPENSES 200
SALES 8200 RENT 500
PURCHASE 4000 PURCHASE RETURN 50
SALES RETURN 100 DEBITORS 3000
STOCK 1000 CASH 400
DRAWING 400 CARRIAGE OUTWARD 200
WAGES 1000 ADVERTISEMENT 200
CARRIAGE INWORD 50 CREDITORS 500
STOCK (CLOSING) 2000

ANS. ( GROSS PROFIT Rs. 4100, NET PROFIT Rs. 2400, BALANCE SHEET Rs. 6100

Q.2 YOUR ARE REQUIRED TO PREPARE THE TRADING AND PROFIT & LOSS AND BANANCE
SHEET, AS AT 31 MARCH, 2015.

LEDGER AMOUNT LEDGER AMOUNT

SALES 92000 POSTAGE AND TELEGRAM 620
PURCHASE 68300 MISCELLANCEOUS EXP 900
RETURN INWARD 1300 BAD DEBTS 400
RETURN OUTWARD 2200 DEBTORS 22000
STOCK 17600 CREDITORS 12800
CARRIAGE INWARD 2400 LOAN 5000
RENT, RATES AND TAXES 2200 CAPITAL 52500
DISCOUNT 3750 DRAWING 1910
PRINTING 720 BUSINESS PREMISES 39000
INSURANCE 500 OFFICE FURNITURE 1500
TRAVELLING EXP. 1400 CLOSING STOCK 24000

ANS. (GROSS PROFIT. Rs.28600, NET PROFIT Rs. 18110, BANANCE SHEET Rs. 86500).

Q.3 YOUR ARE REQUIRED TO PREPARE THE TRADING AND PROFIT & LOSS AND BANANCE
SHEET, AS AT 31 MARCH, 2015.
LEDGER AMOUNT LEDGER AMOUNT
CAPITAL 36000 POSTAGE 273
CREDITORS 8720 BAD DEBTS 287
BILLS PAYABLE 2527 INTEREST 1295
SALES 78182 INSURANCE 417
LOAN 12000 MACHINERY 10000
DEBTORS 3885 STOCK ( OPENING) 9945
SALARIES 4000 PURCHASE 62092
DISCOUNT 1000 BUILDINGS 23780
FIXTURES AND FITTINGS 16155 WAGES 4300
CLOSING STOCK 14300
ANS. (GROSS PROFIT Rs.16144, NET PROFIT Rs. 8873, BALANCE SHEET Rs. 68120).

Q.4 YOUR ARE REQUIRED TO PREPARE THE TRADING AND PROFIT & LOSS AND BANANCE
SHEET, AS AT 31 MARCH, 2015.
LEDGER AMOUNT LEDGER AMOUNT
CAPITAL 18000 CASH AT BANK 1900
STOCK 2720 MACHINERY 6710
BILLS PAYABLE 4827 BUILDING 5290
CREDITORS 7581 COMMISSION (CR) 390
DEBTORS 8100 INSURANCE 119
BILLS RECEIVABLE 3291 POSTAGE 132
SALES 12439 DISCOUNT (CR) 627
PURCHASE 10492 SALARIES 1400
RETURN INWARD 1000 CARRIAGE 400
RETURNWARD 1200 WAGES 1510
CASH IN HAND 1400 DEPREIATION 600
CLOSING STOCK 7929

ANS. GROSS PROFIT 5446, NET PROFIT, 4212, BALANCE SHEET 34620

Q.5 YOUR ARE REQUIRED TO PREPARE THE TRADING AND PROFIT & LOSS AND BANANCE
SHEET, AS AT 31 MARCH, 2015.
LEDGER AMOUNT LEDGER AMOUNT
FURNITURE 640 TAXES & INSURANCE 1250
MOTER VEHICLE 6250 GENERNAL EXPENSES 782
BUILDING 7590 SALARIES 3300
BAD DEBTS 125 CAPITAL 12890
SUNDRY DEBTORS 3800 BILLS PAYABLE 200
STOCK 3460 SUNDRY CREDITORS 2500
PURCHASE 5575 SALES 15450
SALES RETURN 200 BANK O/D 2850
ADVERTISEMENT 450 PURCHASE RETURN 125
INTEREST 118 COMMISSION ( CR) 175
CASH IN HAND 650 CLOSING STOCK 3250

ANS. (GROSS PROFIT Rs.9590, NET PROFIT Rs. 3740, BALANCE SHEET Rs. 22180).

Q.6 YOUR ARE REQUIRED TO PREPARE THE TRADING AND PROFIT & LOSS AND BANANCE
SHEET, AS AT 31 MARCH, 2015.
LEDGER AMOUNT LEDGER AMOUNT
PLANT & MACHINERY 90000 FREIGHT OUTWARD 1200
PURCHASE 58000 RENT RATES & TAXES 2000
SALES RETURN 1000 ADVERTISEMENT 2000
STOCK 40000 CASH IN BANK 6900
DISCOUNT ALLOWED 350 CAPITAL 110000
BANK CHARGES 75 SALES 127000
SUNDRY DEBTORS 45000 PURCHASE RETURN 1275
SALARIES 6800 DISCOUNT RECEIVED 800
WAGES 10000 SUNDRY CREDITORS 25000
FREIGHT INWARD 750 CLOSING STOCK 35000

ANS. (GROSS PROFIT Rs.53525, NET PROFIT Rs. 41900, BALANCE SHEET Rs. 176900).

Q.7 YOUR ARE REQUIRED TO PREPARE THE TRADING AND PROFIT & LOSS AND BANANCE
SHEET, AS AT 31 MARCH, 2015.

LEDGER AMOUNT LEDGER AMOUNT

SUNDARY DEBTORS 15000 REPAIR 3000
STOCK 50000 SALES 170000
LAND & BUILDING 100000 BILLS PAYABLE 40000
CAPITAL 250000 FURNITURE & FIXTURE 15000
RENT (CR) 6000 DEPRECATION 10000
CASH IN HAND 16000 RATES & TAXES 8000
CASH AT BANK 40000 SALARIES 20000
WAGES 30000 DRAWING 20000
SUNDRY CREDITORS 70000 PURCHASE 100000
BILLS RECEIVABLE 20000 OFFICE EXPENSES 25000
INTEREST 2000 PLANT & MACHINERY 57000
BAD DEBTS 5000 CLOSING STOCK 100000
ANS. (GROSS PROFIT Rs.90000, NET PROFIT Rs. 23000, BALANCE SHEET Rs. 363000).

Q.8 YOUR ARE REQUIRED TO PREPARE THE TRADING AND PROFIT & LOSS AND BANANCE
SHEET, AS AT 31 MARCH, 2015.

LEDGER AMOUNT LEDGER AMOUNT

CAPITAL 500000 OPENING STOCK 200000
PLANT & MACHINERY 100000 SUNDRY CREDITORS 120000
LAND & BUINDING 120000 PURCHASE RETURN 10000
SALES 900000 RENT (CR) 12000
FURNITURE 50000 DISCOUNT 8000
SUNDRY DEBTORS 100000 DRAWING 10000
TRADE EXPENSES 30000 B/R 40000
CASH IN HAND 100000 B/P 30000
CASH AT BANK 150000 BAD DEBTS 4000
WAGES & SALARIES 60000 INTEREST (CR) 10000
REPARIES 10000 PURCHASE 600000
CLOSING STOCK 140000

ANS. (GROSS PROFIT Rs.190000, NET PROFIT Rs. 160000, BALANCE SHEET Rs. 800000).

Q.9 YOUR ARE REQUIRED TO PREPARE THE TRADING AND PROFIT & LOSS AND BANANCE
SHEET, AS AT 31 MARCH, 2015.
LEDGER AMOUNT LEDGER AMOUNT
PURCHASE 60000 FREIGHT OUTWARD 1200
SALES RETURN 2000 CAPITAL 113075
PLANT & MACHINERY 90000 SALES 127500
OPENING STOCK 40000 PURCHASE RETURN 1275
DISCOUNT ALLOWED 350 DISCOUNT RECEIVED 800
BANK CHARGES 100 SUNDRY CREDITORS 25000
SUNDRY DEBTORS 45000 RENT RATES & TAXES 2000
SALARIES 7000 ADVERTISEMENT 2000
WAGES 10000 CASH AT BANK 7000
FREIGHT INWARD 1000 CLOSING STOCK 35000
ANS. (GROSS PROFIT Rs.50775, NET PROFIT Rs. 38925, BALANCE SHEET Rs. 177000).

Q.10 YOUR ARE REQUIRED TO PREPARE THE TRADING AND PROFIT & LOSS AND BANANCE
SHEET, AS AT 31 MARCH, 2015.

LEDGER AMOUNT LEDGER AMOUNT

OPENING STOCK 9600 PREPARES TO PLANT 160
WAGES & SALARIES 3200 CASH IN HAND & BANK 200
COMMISSION ON PURCHASE 200 DEBTORS 4000
FREIGHT 300 INCOME TAX 550
PURCHASE 11850 DRAWING 650
SALES 24900 CAPITAL 5000
TRADE EXPENSES 200 BILLS PAYABLE 500
BILLS RECEIVABLE 600 LOAN 900
RENT 200 DISCOUNT OF PURCHASE 400
PLANT 2000 CREDITORS 2330
BAD DEBTS 500 CLOSING STOCK 3500

ANS. (GROSS PROFIT Rs.3250, NET PROFIT Rs. 2220, BALANCE SHEET Rs. 10300).