222

$show=home

Welcome to Accounting Education

The Accounting University with 3400+ Accounting contents as study material which can watch, read and learn anyone, anywhere.

Start your studies

$show=home

Journal Entries $type=three$count=6$author=hide$comment=hide$label=hide$date=hide$show=home$s=0

Balance Sheet $type=three$count=6$author=hide$comment=hide$label=hide$date=hide$show=home$s=0

What is different between group and ledger in tally 9


Basically group and ledger are both helpful to make simple category of our assets , liabilities , income and expenditures into current and fixed asset , direct and indirect expenses and loss and income . But there are many difference you can find if you use tally 9 for your practical purpose .

Before we know these difference we should understand its aim first


Aim of Understanding of this question


  • After understanding of this question , you will proper classify your all transactions
  • After understanding of this question , you will show correct profit or loss in profit and loss account and financial position in balance sheet .

Main Differences between Group and ledger in tally 9


  1. Tally provides us 23 automatic groups for ledger creation . But tally provides only 2 ledger account in tally software and its names are cash are profit and loss account .

  2. Group is head category or it is base of ledger creation . We can simply take an example from you day to day field . Suppose you have taken commerce subject and it can also divide into management theory , accounts , business maths and economics . 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 .

  3. We generally neither create extra groups nor change them which is provided by tally software but we must create different ledger according to the need of recording of different vouchers in tally 9

  4. If we have changed group from one category to another , all ledger will automatically change by this . So be serious for making any change in group .

  5. Group is most helpful to make final account according the the nature of organisation , but ledger creation is not helpful for any redesigning of final account in tally 9. Let me explain more about it . In the previous article , I need insurance company account not in sundry debtor account but in sundry insurance account so , I made sundry insurance account in group for making redesigning my final account .

"In last I will suggest you that both have their own qualities in tally 9 and you will decide which group or ledger you need or not . Tally provides you alter button for any change . For changing , you should click this and you can made all changes after accept changes . "

Read Also

Comments

: 4
  1. I am new in accounting.Can anyone tell me
    1.difference between accounts head and group.
    2. when i use journal entry in tally?

    ReplyDelete
  2. Great post you shared, you have now become top of my list. You were unknown to me before but have found your content to be fantastic.

    So great work for informing us of the possibilities and following a certain path.

    I really appreciate your hard work an giving us some information and inspiring others to follow.

    Thanks so much.

    I hope for more post in the future.
    accounting

    ReplyDelete
  3. I really appreciate your hard work , thank you, but i think there is a mistake in this articles, in 2nd point of differences, you tell that "We can create several groups under single ledger". Please check this.

    ReplyDelete
  4. I really appreciate your hard work

    ReplyDelete
In comment, you can give your feedback, reviews, ideas for improving content or ask question relating to written content.

 


Name

access,2,account,86,accountant,95,Accounting,683,accounting definitions,99,accounting ebook,3,Accounting education,85,Accounting Education Ads Help,1,accounting procedure,2,accounting process outsourcing,2,Accounting Software,52,advance,3,advertising,6,africa,7,Amalgamation,6,amendments,16,Amortization,1,announcements,62,Annuity,2,assets,53,audit,47,auditing,41,Australia,2,B.Com.,22,balance sheet,87,bank,111,Bank reconciliation,12,banking,33,basic accounting,110,BBA,1,benefits,13,best,50,bill,12,black money,3,blog,12,bloggers,7,book keeping,4,bookkeeping,3,Branch Accounting - full tutorial,8,budget,35,Budget variance,13,business,65,businessman,9,CA,30,calculator,4,canada,3,capital,72,capital budgeting,27,career,21,cash,40,cash book,8,cash flow statement,11,Chiense,1,children,13,china,6,class,3,coaching,2,coins,2,college,6,commerce,10,commerce students,7,company,36,computer,9,computer accounting,1,conference,4,Contact vinod kumar,1,Control Your Spending,27,corporate accounting,69,cost,160,cost accounting,195,cost center,8,cost centre,1,CPA,2,credit,18,credit card,11,cs,10,currency,35,data,11,Debit and credit,17,debit cards,1,debt,62,debtor,21,degree,6,depletion,2,depreciation,38,Diwali Messages,12,documents,4,dollar,5,domain,3,Downloads,3,Dubai,1,e-accounting,17,earning,17,education,246,Education Loans,6,email,15,employee,4,EPF,2,ERP,7,euromoney,1,examination,7,excel,17,excise duty,6,expenses,65,facebook,7,factor of loan,1,fans,2,feature,32,fifo,5,FII,4,fiji,1,finacle,1,finance,823,Finance Journal Entries,6,Financial,134,financial accounting,147,Financial Statements,4,fire insurance,3,flickr,2,flow,4,forensic,4,forex,21,formula,8,france,1,fraud,6,free,2,fun,34,function,1,fund,48,GAAP,36,GDP,1,gdr,5,germany,1,gold,7,goodwill,4,goodwill accounting,3,google,34,google apps,3,google apps,1,google base,1,google buzz,1,google calendar,1,Google docs,38,google finance,3,google fusion tables,1,google talk,5,govt.,5,GST,33,guide,85,health,6,Hindi,2,Hindi Language,3,history,3,holding company,3,How to treat FBT in Tally 9,1,HRA,3,ICAI,11,ICAWI,3,ICICI Bank,1,IFRS,11,income,17,income statement,19,Income Tax,7,India,57,indian railway,1,Indonesia,1,inflation,4,inflation accounting,3,infographics,8,information,7,inspiration,176,insurance,14,insurance accounting,2,Intangible,3,interest,26,international,7,Internet,40,Introduction of Tally 9,1,inventory,41,investment,135,investment in Shares,6,invoice,3,IT,1,Japan,1,Job costing,4,journal entries,143,Journal Entries eBook Help,4,Kalculate,1,keyboard,3,kuwait,2,laptop,2,law,4,LBT,1,learning,36,lease,5,lecture,11,ledger,17,leducation,1,Leverage Analysis,7,liabilities,16,lifo,3,linkedin,1,loan,74,logical point,1,loss,5,loss of profit,1,M.Com.,5,m.phil,2,malaysia,3,management accounting,129,manual accounting,4,manufacturing account,1,market,11,marketing,3,mastercard,2,material,13,MBA,14,MCA,1,media,4,migration,2,mobile,9,money,61,ms word,3,ms. excel,14,multi currency in tally 9,1,Multicurrency Accounting,3,mutual fund,30,national security,1,new and sacrifice ratio,1,new york times,1,new zealand,1,news,1,NGO,5,nonprofit-accounting,6,North Georgia Mountains,1,Notification,1,NPV,17,NSE,1,odbc,2,office,10,oman,1,online application,2,online accounting,11,Online Accounting Course,5,otcei,1,pakistan,3,parents,3,Partnership,1,pay pal,3,pdf,4,Personal Finance,6,pie chart,1,pie chart of income,2,pnb,5,podcast,1,ppf,1,presentation,10,price,7,privacy policy,2,prof. vinod kumar,13,profit,24,profit and loss account,12,project management,11,provision,14,purchase,9,puzzles,2,quickbooks,2,Quote,22,quotes,42,quotes of svtuition,1,rating agency,2,ratio analysis,34,RBI,7,readers,13,real estate,13,rectification of errors,11,remote control,2,reports,10,reserves,8,responsibility accounting,4,retirement,2,revenue,3,Revenue reserves,2,review,7,risk,11,rupees,9,salary,5,sale,12,SAP,3,saudi arabia,1,saving,19,sbi,9,scholarship,2,school,1,SEBI,13,security,30,service tax,23,share,20,share trading,15,Shares,16,shri lanka,3,singapore,2,sms,6,social accounting,7,society,5,solution,219,South Africa,1,stock,24,stock exchange,22,structure,6,student,39,students,70,study,21,subsidiary company,2,svtuition,14,swiss bank,2,tally,100,tally 9,8,Tally 7.2,8,Tally 9,42,Tally.ERP 9,59,TallyPrime,1,tanzania,2,tax,94,Tax Accounting,30,TDS,15,teacher,62,teaching,112,technology,33,test,40,testimonial,15,testimonials,15,thailand,1,tips,60,trading,5,trading on equity,2,transaction,7,trend,12,trial balance,14,truthfulness,1,tuition,3,twitter,10,UAE,5,UGC - NET Commerce,13,UK,11,United Arab Emirates,1,university,9,usa,25,valuation,9,VAT,22,Video,36,Voucher and vouching,4,Wealth,8,wikipedia,25,working capital,29,youtube,14,
ltr
item
Accounting Education: What is different between group and ledger in tally 9
What is different between group and ledger in tally 9
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAeqUa5QmY70sJrIVk6aiknteKG9Y1_nomH6eZTWW2XLU8OOW2MbztNh3a1XlcAPBSc7GiXYwqJhlrcbIBr86BP1Lpve2Z5_T3uu_pdmlVWaxIbwJdqskOFEspaLMrQTXdE3QQZq3Z_0AN/s400/ledger.PNG
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAeqUa5QmY70sJrIVk6aiknteKG9Y1_nomH6eZTWW2XLU8OOW2MbztNh3a1XlcAPBSc7GiXYwqJhlrcbIBr86BP1Lpve2Z5_T3uu_pdmlVWaxIbwJdqskOFEspaLMrQTXdE3QQZq3Z_0AN/s72-c/ledger.PNG
Accounting Education
https://www.svtuition.org/2009/02/what-is-different-between-group-and.html
https://www.svtuition.org/
https://www.svtuition.org/
https://www.svtuition.org/2009/02/what-is-different-between-group-and.html
true
2410664366776677676
UTF-8
Loaded All Posts Not found any posts VIEW ALL Reply Cancel reply Delete By Home PAGES Contents View All RELATED CONTENTS FOR YOUR LEARNING Topic ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy