Before making ledgers, we should

know very well which ledger will

come under which group.

We will understand the group

of some ledgers that occur

in business transactions.




Assets

Cash A/c: Cash In Hand (Current Assets)
Sundry Debtors:(Current Assets)
(The person or company to whom you provide goods or services)
Bank A/c: Bank Account (Current Assets)
Loan & Advance: (Current Assets)


Expenses 

Purchase A/c: >> Purchase Account (Expenses)
Salary A/c: >> (Indirect Expenses)
Employer PF Contribution: >> (indirect Expenses)
Internet & Telephone: >> (indirect Expenses)
Electricity: >> (indirect Expenses)
Postage & Courier: >> (indirect Expenses)
Stationary: >> (indirect Expenses)
Travelling & conveyance: >> (indirect Expenses)




1 Capital A/c : (capital Account)

2 Drawing A/c : (capital Account)

5 sundry Creditors: (The person

or company to whom you

Purchase goods & services)

: (Sundry Debtors''Current Liability'')

6 Sales A/c : (Sales Account "Income'')

9 Bank OD A/c : (Secured Loan "current Liabilities 


10 SGST > Duties & Taxes "current Liabilities)


11 CGST > Duties & Taxes "current Liabilities)


12 IGST > Duties & Taxes "current Liabilities)


13 UTGST > Duties & Taxes "current Liabilities)


14 TDS on rent > Current Liabilities