What is group creation in tally?

Group creation is the process of creating a new group in Tally. To create a new group, go to the Groups menu and select New Group. This will open the New Group window. Enter the name of the group, the parent group (if any), and the opening balance. You can also specify the voucher number, date, and narration for the group.

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Group Creation in Tally ERP 9 in Telugu

In this tutorial, we will learn how to create groups in Tally ERP 9.

A group is a collection of ledger accounts. Groups are created to simplify the task of viewing and managing ledger accounts. For example, you can create a group called “Sundry Debtors” and add all the ledger accounts of your debtors to this group.

To create a group, go to the Accounts Info screen by pressing the Alt+A keys. In the Accounts Info screen, select the Groups option.

In the Groups screen, select the New button.

In the New Group screen, enter the name of the group in the Name field. You can also enter a brief description of the group in the Description field.

Once you have entered the required information, select the Save button.

Your group will now be created and you can add ledger accounts to it.


Frequently Asked Questions with answer of What is group creation in tally?

What is grouping in Tally?

In accounting, a group is a collection of accounts that are treated as a single unit for purposes such as consolidation or presentation in financial statements.


How are groups created in Tally?

There are two ways to create groups in Tally. One is to manually create groups in the Group Summary screen. The other is to use the Auto Groups feature, which automatically creates groups based on certain criteria.


What is group and ledger?

A group is a set of accounts that are combined for the purpose of reporting. A ledger is a record of all the transactions that have taken place within a group.


What is creation of company in Tally?

Creation of company in Tally is the process of creating a new company file in the Tally software. This file will contain all the information about the company, including its financial data.


How can create group in tally with example?

A group can be created in Tally by selecting the Groups option from the List of Accounts menu. This will open the Group Creation screen where the name, parent group (if any), and other details of the group can be entered. Once the group is created, it will appear in the Group List.

Conclusion

A Group is a combination of two or more Ledgers placed under a common heading. When a Group is created in Tally, the ledgers falling under the group are automatically displayed in the Accounts Book.

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