1008 Transfer Account Indian Chart of Accounts - Standard 1002 1001 6 SGST accounts CGST accounts IGST accounts Inventories 10031 Debtors 10040 SGST Receivable 10051 CGST Receivable 10052 IGST Receivable 10053 TDS Receivable 10058 Deposit Account 10061 Prepaid Insurance 10071 Buildings 1011 Land 1012 Equipments 1013 Vehicle 1014 Computer/Laptops (Assets) 1015 Furniture 1016 Air Conditionar 1017 Misc Assets 1018 Capital Account 1111 Reserve And Surplus Account 1112 Creditors 11211 Bank OD Account 11221 Secured Loan Account 11222 Unsecured Loan Account 11223 TDS Payable 11231 SGST Payable 11232 CGST Payable 11233 IGST Payable 11234 Wages Payable 11241 Interest Payable 11242 Notes Payable 11243 Local Sales 20011 Retail Sales 20012 Export Sales 20013 Local Services 20021 Export Services 20022 Interest Revenues 2010 Gain on Sale of Assets 2011 Write off Income 2012 Foreign Exchange Profit 2013 Electricity Expense 2100 Salary Expense 2101 Office Rent 2102 House Keeping Expense 2103 Postage And Courier Expense 2104 Internet Expense 2105 Telephone Expense 2106 Purchase Expense 2107 Computer/Laptop Accessories 2108 News Paper And Magazine 2109 Business Promotion 2110 Entertainment Expense 2111 Professional Services 2112 Bank Charges 2113 Diwali Bonus/Gift 2114 Parts Purchase 2115 Repairing Expense 2116 Foreign Exchange Loss 2117 Sales Commission Expense 21181 Stationary Expense 21182 Travelling Expense 21183 Opening Stock 2121 Purchase Stock 2122 Closing Stock 2123 Loss on Sale of Assets 2131 Write Off Expense 2132 Sales Tax Receivable 10050 VAT Receivable 10054 Excise Duty Receivable 100521 Education Cess Receivable On Excise Duty 100522 Higher Education Cess Receivable On Excise Duty 100523 Service Tax Receivable 100531 Education Cess Receivable On Service Tax 100532 Higher Education Cess Receivable On Service Tax 100533 Capital Account 1111 Reserve And Surplus Account 1112 Creditors 11211 Bank OD Account 11221 Secured Loan Account 11222 Unsecured Loan Account 11223 TDS Payable 11231 VAT Payable 11232 Excise Duty Payable 112331 Education Cess Payable On Excise Duty 112332 Higher Education Cess Payable On Excise Duty 112333 Service Tax Payable 112341 Education Cess Payable On Service Tax 112342 Higher Education Cess Payable On Service Tax 112343 Sales Tax Payable 11235 Wages Payable 11241 Interest Payable 11242 Notes Payable 11243 Exempt accounts Exempt-Sales Account 112540 Exempt-Purchase Account 100840