Name if the Ledger Group name Explanation

Name of the party From

Supplier Ledger - Ex - Ram &
Sundry
Co Creditor whom we purchased goods/
get service

Name of the party to whom

Customer Ledger - Ex - PNRSundry
& Co Debtors the goods sold / service
provided

The TDS amount deducted by

TDS collected Duties and taxes
the client / customer

The TDS amount deducted by

TDS Payable Duties & taxes
the us

Vat input tax Duties & taxes The tax on purchase invoices

Vat output tax Duties & taxes The tax on Sales invoices

Sales account Sales accounts Name of sales a/c

Purchase account Purchase accountsName of Purchase a/c

Cash account Cash in hand

Bank account Bank accounts Name of Bank a/c

ex : State bank of India
Other than re selling and for
Furnitre Fixed assets
office purpose

Other than re selling and for

Car a/c Fixed Assests
office purpose

Other than re selling and for

Building a/c Fixed Assests
office purpose

Other than re selling and for

Compuer a/c Fixed Assests
office purpose

Capital a/c Capital accounts Business investments

Loans & advance

Staff advance Paid amount to staff as advance
Assets

Loans & advance

Loan from others Brought loan from others
Liabilities

Salary a/c indirect expense

Rent a/c indirect expense

Repairs and maintanance indirect expense

Telephone & Mobile exp indirect expense

Printing & Staitonary indirect expense

Depreciation indirect expense

Postage & courier indirect expense

General exp indirect expense

Interest on OD / OCC indirect expense

Bank charges / comm indirect expense

Out standing exp indirect expense

Frieght charges a/c Direct exp

sales retuns account sales accounts

Purchase returns Purchase accounts

Construction charges Indirect Income This will use in construction companies

Discount given / paid Indirect expense Discount given by us

Discount recd / allowed Indirect income Discount recd from Supplier