What is the meaning of “Group” in Tally under “Accounts Info” ?

Answer: To understand Group and opening Group Account in Tally  at first take a balance sheet in front of you. You can see that there is a head Bills Payable or Sundry Creditors or Accounts Payable.say figure Tk. 2500000/=.  So this is called Group Accounts. It will be open in Tally soft ware from “Group”   

Because under that head of Accounts there are some Accounts Head  such as

Bills Payable/Sundray Creditors/Accounts Payable                                      2500000/=

Rahim Knitting Ind. Ltd.                      220000/=

Kamal & Brothers                               315000/=

Ring Shine Chemical                          276000/=

Fatullah Textile                                    572000/=

Reaz Textile                                        377000/=

Ahad & Brothers                                 452000/=

Alline Garments                                  288000/=

In Tally,  We will not open under These Group Account. Because, Under the following Group Account already exist in Tally.

Bank Accounts

Bank OCC A/c

Bank O/D A/c

Branch/Division

Capital Account

Cash-In-Hand

Current Assets

Current Liabilities

Deposits(Assets)

Direct expenses

Direct Income

Duties & Taxex

Expenses(Direct)

Expenses(Indirect)

Fixed Assets

Income(Direct)

Income(Indirect)

Indirect Expenses

Indirect Incomes

Investments

Loans & Advances(Assets)

Loans Liabilities

Misc. Expenses (Assets)

Provisions

Purchase Accounts

Reserves & Surplus

Retain Earnings

Sales Accounts

Secured Loans

Stock-In-Hand

Sundry Creditors

Sundry debtors

Suspence Accounts

Unsecured Loans

Next Class I will teach How to Open Group Account & Ledger Account.

Any question Pls. Call 01815-042350 or Email: zahidul201@gmail.com