Pre-Defined Group in Tally Prime

Gateway of Tally -> Chart of Account-> List of Masters->Groups

What is Group in Tally?

Groups are collection of ledgers of the same nature. Account groups are maintained to determine the hierarchy of Ledger Accounts, which is helpful in determining and presenting meaningful and compliant reports.
Using this you can generate reports, which are meaningful as well as compliant with laws.

There are 28 predefined groups in Tally 15 groups are Primary Groups and remaining 13 groups are Sub-Groups

1. Branch/Divisions (P)	15. Direct Expense (P)
2. Capital Account (P)	16. Direct Incomes (P)
3. Reserves & Surplus	17. Fixed Assets (P)
4. Current Assets (P)	18. Indirect Expenses (P)
5. Bank Accounts	19. Indirect Incomes (P)
6. Cash-in-Hand	15. Investments (P)
7. Deposits(Asset)	21. Loans (Liability) (P)
8. Loans & Advances (Asset)	22. Bank OD A/c
9. Stock-in-Hand	23. Secured Loans
10. Sundary Debtors	24. Unsecured Loans
11. Current Liabilities (P)	25. Misc. Expenses (Asset) (P)
12. Duties & Taxes	26. Purchase Accounts (P)
13. Provisions	27. Sales Accounts (P)
14. Sundry Creditors	15. Suspense A/c (P)

Creating Group

Gateway of Tally-> Masters-> Create ->Accounting Masters-> Group

Group Name	Under	Nature of Group
Building	Fixed Assets	.....
Office Equipment	Primary	Assets
Deprecation	Primary	Expenses

Check on Gateway of Tally -> chart of Account-> Groups