Groups and Ledgers in Tally Prime computer training class Notes. Pre defined Groups and Ledgers, Create New, Alter, Credit and Debit amount. Step by Step Notes for Tally training.
Groups in Tally Prime
Pre-Defined Group
Gateway of Tally > Chart of Account > List of Masters >Groups
There are 28 predefined groups in Tally
15 groups are Primary Groups and the remaining 13 groups are Sub-Groups
| 1. Branch / Divisions (P) | 15. Direct Expense (P) | |
| 2. Capital Account (P) | 16. Direct Incomes (P) | |
| 3. Reserves & Surplus | 17. Fixed Assets (P) | |
| 4. Current Assets (P) | 18. Indirect Expenses (P) | |
| 5. Bank Accounts | 19. Indirect Incomes (P) | |
| 6. Cash-in-Hand | 20. Investments (P) | |
| 7. Deposits (Asset) | 21. Loans (Liability) (P) | |
| 8. Loans & Advances (Asset) | 22. Bank OD A/c | |
| 9. Stock-in-Hand | 23. Secured Loans | |
| 10. Sundry Debtors | 24. Unsecured Loans | |
| 11. Current Liabilities (P) | 25. Misc. Expenses (Asset) (P) | |
| 12. Duties & Taxes | 26. Purchase Accounts(P) | |
| 13. Provisions | 27. Sales Accounts (P) | |
| 14. Sundry Creditors | 28. Suspense A/c (P) |
Creating Group
Gateway of Tally > Masters > Create > Accounting Masters > Group
| Group Name | Under | Nature of Group |
| Building | Fixed Assets | — |
| Office Equipment | Primary | Assets |
| Deprecation | Primary | Expenses |
Check on Gateway of Tally > Chart of Account> Groups
Ledgers
Creating Ledger
By default there is two ledgers
- Cash
- Profit and Loss A/c
Check the default ledgers Gateway of Tally>Charts of Accounts>Ledgers
Gateway of Tally > Masters > Create >Ledger
| Ledger Name | Group Under |
| Punjab National Bank | Bank Account |
| State Bank of India | Bank Account |
| Petty Cash | Cash in Hand |
| Opening Stock | Stock in Hand |
| Suresh Singh | Sundry Debtors |
| National Pvt. Ltd. | Sundry Debtors |
| Building Cost | Building (Fixed Assets) |
| Building Accrued Dep | Building (Fixed Assets) |
| Office Equipment Cost | Office Equipment (Assets) |
| Office Equipment Dep | Office Equipment |
| Sales Tax | Duties & Taxes |
| T.D.S | Duties & Taxes |
| Shivam Kumar | Sundry Creditors |
| Sona Enterprise | Sundry Creditors |
| Education Loan | Secured Loan |
| Bill Receivable | Current Assets |
| Computer Sales | Sales Accounts |
| Software Sales | Sales Accounts |
| Parts Sales | Sales Accounts |
| Bank Interest | Indirect Incomes |
| Purchase | Purchase Accounts |
| Wages | Direct Expenses |
| Freight | Direct Expenses |
| Salaries | Indirect Expenses |
| Office Expenses | Indirect Expenses |
| Advertisements | Indirect Expenses |
| Bank Charges | Indirect Expenses |
| Building Deprecation | Deprecation |
| Office Equipment Accrued Dep | Deprecation |
Ledger Alteration
Gateway of Tally > Masters > Alter >Ledger
| Particulars | Debit | Credit |
| Punjab National Bank | 35000 | |
| State Bank of India | 40000 | |
| Petty Cash | 500 | |
| Opening Stock | 50000 | |
| Suresh Singh | 15000 | |
| National Pvt. Ltd. | 5000 | |
| Building Cost | 75000 | |
| Building Accrued Dep | 6000 | |
| Office Equipment Cost | 25000 | |
| Office Equipment Dep | 1000 | |
| Sales Tax | 9000 | |
| T.D.S | 4500 | |
| Shivam Kumar | 32000 | |
| Sona Enterprise | 20000 | |
| Education Loan | 60000 | |
| Bill Receivable | 14000 | |
| Computer Sales | 72000 | |
| Software Sales | 75000 | |
| Parts Sales | 35000 | |
| Bank Interest | ||
| Purchase | 120000 | |
| Wages | 10000 | |
| Freight | 500 | |
| Salaries | 20000 | |
| Office Expenses | 3500 | |
| Advertisements | 2000 | |
| Bank Charges | 2500 | |
| Building Deprecation | 2500 | |
| Office Equipment Accrued Dep | 80000 | |
| Total | 407500 | 407500 |
Trial Balance
Gateway of Tally > Display more Reports> Trial Balance > Press F5 (Ledger wise and Group wise)
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