Ledger and Group in Tally

Ledger and Group in tally are the foundation of accounting in Tally Prime. Every accounting transaction recorded in Tally Prime is associated with one or more ledgers, while groups are used to classify those ledgers according to their accounting nature.

What is Ledger?

A Ledger is the actual account head to which you identify a transaction and must be used in all Accounting Vouchers. Without a ledger we cannot record any transactions.

Ex: Purchase, payments, sales, Receipts, etc., all these accounts heads are ledger Accounts.

All Ledgers have to be classified into Groups. Classification of Ledgers to the appropriate groups is very important. These Groups and Ledgers are classified to Profit & Loss or Balance Sheet. The creation and usage of Groups in Tally. ERP 9 has been explained earlier.

There are two pre-defined ledgers available in Tally. ERP 9, they are:

  1. Cash
  2. Profit and loss

How to create leader?

Gateway of tally —–> Create —–> Ledger

How to modify ledger?

Gateway of tally —–> Create —–> Ledger —–> select ledger want to modify or delete

And for delete press Alt +D

What is Group in tally?

Group are collection of ledgers of the same nature. Tally software automatically creates 28 groups that are used in the account chart. Out of 28 predefined groups in tally, primary groups are 15, and the sub-groups are 13. The different types of groups are as follows:

  1. Primary Group
  2. Sub Group

Primary Groups

This group is the main group. Primary groups are at the top of the hierarchy. Among 15 groups, 6 groups are profit and loss a/c items, and 9 groups are balance sheets items.

List of Primary Group in Tally

1.Branch/Division6. Current Assets11. Indirect Income
2. Capital Accounts7. Fixed Assets12. Misc. Expenses
3. Loans8. Investments13. Purchase Accounts
4. Suspense Account9. Sales Accounts14. Direct Income
5. Current Liabilities10. Indirect Expenses15. Direct Expenses

 Sub Groups

This group is part of the primary group. It can be divided into 13 groups.

List of Sub Group in Tally

1. Sundry Creditors6. Secured Loans11. Bank Accounts
2. Stock in Hand7. Deposits12. Cash in Hand
3. Duties & Taxes8. Banks OD Accounts13. Loan & Advances (Assets)
4. Unsecured Loans9. Provisions
5. Reserves & Surplus10. Sundry Debtors
Sundry Creditors – Ledger Creation
Create the following Sundry Creditor ledgers in Tally Prime by entering the correct State, GSTIN, and Opening Balance for each party.
Ensure that the opening balances are entered on the Credit (Cr.) side.
Ledger NameStateGSTINOpening Balance
Larsen & Toubro LimitedMaharashtra27AAACL0140P1ZJ₹3,20,000 Cr
Asian Paints LimitedMaharashtra27AAACA3622K1ZV₹1,45,000 Cr
Hindustan Unilever LimitedMaharashtra27AAACH1004N1ZU₹2,35,000 Cr
Bajaj Auto LimitedMaharashtra27AADCB2923M2ZK₹2,10,000 Cr
Infosys LimitedKarnataka29AAACI4798L1ZU₹1,75,000 Cr
ITC LimitedWest Bengal19AAACI5950L1Z7₹1,95,000 Cr
Maruti Suzuki India LimitedHaryana06AAACM0829Q1Z8₹3,10,000 Cr
Dabur India LimitedUttar Pradesh09AAACD0474C1Z3₹1,20,000 Cr
Shree Cement LimitedRajasthan08AACCS8796G3ZP₹1,55,000 Cr
Reliance Industries LimitedMaharashtra27AAACR5055K1ZT*₹2,45,000 Cr
Sundry Debtors – Ledger Creation
Create the following Sundry Debtor ledgers in Tally Prime by entering the correct State, GSTIN, and Opening Balance for each customer.
Ensure that the opening balances are entered on the Debit (Dr.) side.
Ledger NameStateGSTINOpening Balance
Tata Motors LimitedMaharashtra27AALCT0864B1ZE₹2,85,000 Dr
Titan Company LimitedMaharashtra27AAACT5131A1ZX₹1,65,000 Dr
Siemens LimitedMaharashtra27AAACS0764L1Z6₹2,40,000 Dr
Hindalco Industries LimitedGujarat24AAACH1201R1ZT₹1,95,000 Dr
Nestlé India LimitedHaryana06AAACN0757G1ZP₹1,45,000 Dr
Tata Consumer Products LimitedMaharashtra27AABCT0602K1ZL₹1,25,000 Dr
Cipla LimitedMaharashtra27AAACC1450B1ZE₹1,80,000 Dr
Sun Pharmaceutical Industries LimitedGujarat24AADCS3124K1ZJ₹2,15,000 Dr
Godrej Industries LimitedMaharashtra27AAACG2953R1Z3₹1,35,000 Dr
Eicher Motors LimitedHaryana06AAACE3882D2ZV₹1,70,000 Dr
Bharat Petroleum Corporation LimitedMaharashtra27AAACB2902M1ZT₹2,10,000 Dr
Indian Oil Corporation LimitedMaharashtra27AAACI1681G1ZP₹2,55,000 Dr
Crompton Greaves Consumer Electricals LimitedMaharashtra27AAFCC9473R1ZP₹1,35,000 Dr
Hindustan Zinc LimitedRajasthan08AAACH7354K1ZB₹1,70,000 Dr
Tech Mahindra LimitedMaharashtra27AAACM3484F1ZI₹2,25,000 Dr
The Tata Power Company LimitedMaharashtra27AAACT0054A1Z1₹1,55,000 Dr
Havells India LimitedMaharashtra27AAACH0351E1Z5₹1,30,000 Dr
Voltas LimitedMaharashtra27AAACV2809D1ZM₹1,40,000 Dr
Hero MotoCorp LimitedHaryana06AAACH0812J1Z0₹2,05,000 Dr
UltraTech Cement LimitedMaharashtra27AAACL6442L1ZA₹2,75,000 Dr
Berger Paints India LimitedWest Bengal19AABCB0976E1ZS₹1,50,000 Dr
Bank Ledger Creation & Opening Balance
Create the following Bank Account ledgers in Tally Prime by entering the correct Bank Name, IFSC Code, Branch, Cheque Number Range, and Opening Balance for each bank account.
Ensure that the opening balances are entered on the Debit (Dr.) side.
Ledger NameUnderBank NameIFSC CodeBranchCheque No. FromCheque No. ToOpening Balance
HDFC Bank Current A/cBank AccountsHDFC BankHDFC0001234Andheri East, Mumbai100001100200 ₹4,85,000 Dr
SBI Current A/cBank AccountsState Bank of IndiaSBIN0002345Dadar, Mumbai200001200250 ₹6,25,000 Dr
ICICI Bank Current A/cBank AccountsICICI BankICIC0003456Vashi, Navi Mumbai300001300200 ₹3,75,000 Dr
Axis Bank Current A/cBank AccountsAxis BankUTIB0004567Powai, Mumbai400001400250 ₹5,40,000 Dr
Kotak Bank Current A/cBank AccountsKotak Mahindra BankKKBK0005678Thane West500001500200 ₹2,95,000 Dr
Bank of India Current A/cBank AccountsBank of IndiaBKID0006789Borivali, Mumbai600001600250 ₹3,20,000 Dr
Canara Bank Current A/cBank AccountsCanara BankCNRB0007890Kurla, Mumbai700001700200 ₹2,65,000 Dr
PNB Current A/cBank AccountsPunjab National BankPUNB0008901Malad, Mumbai800001800250 ₹4,10,000 Dr
Union Bank Current A/cBank AccountsUnion Bank of IndiaUBIN0009012Ghatkopar, Mumbai900001900200 ₹3,55,000 Dr
Bank of Baroda Current A/cBank AccountsBank of BarodaBARB0010123Borivali West, Mumbai110001110250 ₹2,80,000 Dr