tally group & ledger list

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Querist : Anonymous

Querist : Anonymous (Querist)

09 May 2011 please any one download ledger & its group list in tally.

Ram Avtar Singh

Ram Avtar Singh (Expert)
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09 May 2011 see your profit and loss and Balance sheet of last year its group and ledger. configure in tally same way.

Querist : Anonymous

Querist : Anonymous (Querist)

10 May 2011 dear sir, this is starting year of the company,so i have no group& ledger in tally,please give me format.

Querist : Anonymous

Querist : Anonymous (Querist)

25 May 2011 Expert please guide me,
I purchased raw material from out of India, I paid separate costume duty on the purchased material, what is entry should I pass in tally.

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2011 What is Difference between executive, manager and officer.

Asha Kanta Sharma online

Asha Kanta Sharma online

(Expert)
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26 July 2025 Here’s a basic **Tally Groups & Ledgers list** format to help you get started for a new company’s accounting setup:

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### Common **Groups** in Tally

**Assets:**

* Fixed Assets
* Current Assets
* Cash-in-Hand
* Bank Accounts
* Loans & Advances (Assets)
* Stock-in-Hand

**Liabilities:**

* Capital Account
* Reserves & Surplus
* Current Liabilities
* Provisions
* Secured Loans
* Unsecured Loans

**Income:**

* Sales Accounts
* Other Income

**Expenses:**

* Direct Expenses (e.g., Raw Material Purchase)
* Indirect Expenses (e.g., Rent, Salary, Electricity)
* Purchase Accounts
* Duties & Taxes

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### Sample **Ledger Accounts** under each group

| Group | Ledger Name | Description |
| ------------------- | --------------------- | ---------------------------- |
| Capital Account | Capital | Owner’s capital contribution |
| Current Assets | Cash in Hand | Physical cash at office |
| Bank Accounts | State Bank | Bank account details |
| Stock-in-Hand | Raw Material | Materials for production |
| Loans & Advances | Advance to Supplier | Money given to suppliers |
| Current Liabilities | Sundry Creditors | Amount payable to suppliers |
| Purchase Accounts | Raw Material Purchase | Purchase of raw materials |
| Direct Expenses | Freight | Transportation charges |
| Indirect Expenses | Salary Expense | Employee salaries |
| Indirect Expenses | Electricity Expense | Electricity bills |
| Sales Accounts | Sales | Sales revenue |
| Duties & Taxes | Customs Duty | Import/customs duty paid |
| Duties & Taxes | GST Payable | GST liability |

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### How to pass entry for **Customs Duty** paid on imported raw material?

If you purchased raw material from outside India and paid customs duty separately, you can do the following:

**Entry:**

| Debit | Credit | Description |
| ----------------------------- | --------------- | ------------------------ |
| Raw Material Purchase Account | To Supplier A/c | Purchase of raw material |
| Customs Duty Account | To Bank A/c | Customs duty paid |

This keeps your customs duty as a separate expense (or part of the cost of goods).

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If you want, I can prepare an Excel sheet or detailed list for your starting year to import or create in Tally.

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### About Executive, Manager, Officer

* **Executive**: Usually junior or mid-level employee responsible for routine work.
* **Officer**: Mid-level employee with specific responsibilities and decision-making.
* **Manager**: Senior employee who oversees teams, plans, and controls operations.

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Let me know if you want me to help with more specific ledgers or Tally setups!

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