IMPORATANT LEDGER & IT'S GROUP
No. Debit Ledger Group Credit Ledger Group
1 Advertisement Indirect Expense Bank Interest Indirect Income
2 Bad Debts Indirect Expense Bank OverDraft Bank Overdraft
3 Bad Debts Reserve Indirect Expense Bills Payable Current Liability
4 Bank Balance Bank Account Capital Capital
5 Bills Receivable Current Assets Commission Indirect Income
6 Building Fixed Assets Creditors Sundry Creditor
7 Carriage Inward Direct Expense Discount Received Indirect Income
8 Carriage Outward Indirect Expense Goods by Drawing Purchase
9 Cash Cash in Hand Goods Given to Cherity Purchase
10 Cherity Expences Indirect Expense Goods Loss by Fire Purchase
11 Contribution to PF Indirect Expense Goods Loss by Theft Purchase
12 Debtors Sundry Debtor Goods for Sample Purchase
13 Depriciation Indirect Expense Interest on Drawing Indirect Income
14 Discount Payable Indirect Expense Interest Received in Adv Current Liability
15 Drawings Capital (Dr) Mortgage Loan Securend Loan
16 Electricity Bill Indirect Expense Loan taken Loans (Liability)
17 Furniture Fixed Assets Misc. Income Indirect Income
18 Goodwill Fixed Assets Outstanding Salary Current Liability
19 Insurance Premium Indirect Expense Outstanding Wages Current Liability
20 Interest on Bank Overdraft Indirect Expense Providend Fund Provision
21 Interest on Capital Indirect Expense Purhcase Return Purchase A/c (Cr)
22 Interest on Loan Indirect Expense Sales Sale
23 Investment for PF Investment Share Dividend Indirect Income
24 Loan given Loan in Advance
25 Loss by Fire Indirect Expense
26 Loss by Theft/Stolen Indirect Expense
27 Misc. Expences Indirect Expense
28 Octroi & Freight Direct Expense
29 Opening Stock Stock in Hand
30 Patents Fixed Assets
31 Petty Cash Cash in Hand
32 Postage Expence Indirect Expense
33 Prepaid Insurance Current Assets
34 Purhcase Purhcase
35 Railway Freight Direct Expense
36 Rent Payable Current Assets
37 Salary Indirect Expense
38 Sale Return Sale Account (Dr)
39 Share Investment Investment
40 Stationery Indirect Expense
41 Telephone Bill Indirect Expense
42 Vehicle Fixed Assets
43 Wages Direct Expense
44
45
46
47
48
49
50
51
52
53