Chart of Accounts

Grouped along Schedule III. Groups form the hierarchy; only the accounts beneath them can be posted to, so a balance is never a mix of postings and roll-ups.

1000Assetsasset
1100Non-Current Assetsasset
1110Property, Plant and Equipmentasset
1110-01Plant and Machinery
1110-02Furniture and Fixtures
1200Current Assetsasset
1210Inventoriesasset
1210-01Stock in Handcontrol
1220Trade Receivablesasset
1220-01Sundry Debtorscontrol
1230Cash and Cash Equivalentsasset
1230-01Cash in Handcontrol
1230-02Bank Accountcontrol
1240Other Current Assetsasset
1240-01Input CGSTcontrol
1240-02Input SGST
1240-03Input IGST
1240-04Prepaid Expenses
2000Liabilitiesliability
2100Non-Current Liabilitiesliability
2200Current Liabilitiesliability
2210Trade Payablesliability
2210-01Sundry Creditorscontrol
2220Statutory Duesliability
2220-01Output CGSTcontrol
2220-02Output SGST
2220-03Output IGST
2220-04TDS Payable
3000Equityequity
3100Share Capitalequity
3100-01Equity Share Capital
3200Reserves and Surplusequity
3200-01Retained Earnings
3200-02Opening Balance Difference
4000Incomeincome
4100Revenue from Operationsincome
4100-01Sales
4200Other Incomeincome
4200-01Other Income
5000Expensesexpense
5100Cost of Materials Consumedexpense
5100-01Purchases
5200Employee Benefits Expenseexpense
5200-01Salaries and Wages
5300Finance Costsexpense
5300-01Bank Charges
5400Depreciation and Amortisationexpense
5400-01Depreciation
5500Other Expensesexpense
5500-01Rent
5500-02Round Off