In Tally for a newly created co., there are two pre-defined ledgers available in Tally.ERP 9 :
- Profit & Loss A/c (Can’t Delete)
There are 15 Primary & 13 Secondary Groups total 28 Groups in Tally.
Among the 15 primary groups, 9 Groups are Balance Sheet items, and the remaining 6 Groups are Profit & Loss A/c Items,
These 6 are : Sales, Purchase, Exp. Direct, Exp. Indirect, Income Direct & Income Indirect.
List of Groups :
Bank OCC A/C
Bank OD A/C
Duties & Taxes
Income (In direct)
Loan & Advances (Assets)
Misc. Expenses (Assets)
Reserves & Surplus
Stock- in – Hand
Dr. A.K. Jain