Table of Contents
What is group and ledger in Tally?
Group is head category or it is base of ledger creation . So , Main group is commerce and and all other are called ledger accounts but under this commerce group . Same will apply in accounting in tally , We can create several groups under single ledger .
How many types of groups are there in Tally?
Tally. ERP 9 provides you with 28 pre-defined Groups . Of these 15 are Primary Groups and 13 are Sub-Groups . You can also create your own groups, either as Sub-groups or Primary groups .
Which group is under in Tally?
List of different ledgers and their groups
|Group Name||Ledger Name|
|Indirect Income OR Income(Indirect)||Interest on Investment|
|Only 2 Accounts Already Created like|
|Profit and Loss Account|
WHAT IS group in Tally prime?
Group Company. You can create a group company in TallyPrime to conveniently view all your companies at one place. This group company can function as a single economic entity, where financial reports such as Balance Sheet, Profit and Loss A/c and Trial Balance are consolidated without any impact on the transactions.
What is group ledger?
Definition. A ledger group is a combination of standard ledgers for the purpose of applying the functions and processes of General Ledger Accounting to the group as a whole.
What is a group in Tally ERP 9?
The group is a collection of leaders of the same natures. 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.
What is group and subgroup in tally?
The group is a collection of leaders of the same natures. 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: Primary Group.
What is group and Ledger in Tally and how its made?
Groups or heading in Tally helps Tally determine the type of ledger (whether the ledger account is affecting the income side or is its nature that of an expense or is it an item which will give benefits or returns to business such as Assets or is it an item which creates a liability for business which has to be settled …
What is the group in Tally ERP 9?
How many groups are in Tally prime?
TallyPrime provides you with 28 pre-defined Groups. Of these 15 are Primary Groups and 13 are Sub-Groups.
What is a group in tally ERP 9?
Why do you use a stock group in tally?
In Tally, the stock group is used to help in the classification of stock items according to their behavior. In Tally, the grouping of stocks enables us to identify and report in a statement as per stock wise. Under stock groups, the stocks can be grouped according to their product type, characteristics, and brand, etc.
How many groups are there in the tally app?
Tally software automatically create 28 groups which are used in the chart of account. Out of 28 predefined groups in tally, 15 groups are primary groups and 13 groups are Sub-groups. Primary Groups: Primary Group in Tally is main group, Groups are structured as hierarchical organization.
Which is an example of a primary group in tally?
Example of Group Primary Groups: Primary Group in Tally is main group, Groups are structured as hierarchical organization. At the top of hierarchy are primary groups. Among 15 primary groups, 9 groups are balance sheets items and 6 groups are profit and loss a/c items.
How many units can be transacted in tally?
However, some items may be transacted in 12 units also called dozens. Tally allows you to specify upto 2 Units for a single Stock Item, one as Unit and the other as Alternate Unit, you define relationship between the two Units.