There are 28 predefined groups in Tally.ERP 9, which are widely used in the Chart of Accounts ofmany trading organizations. Out of these, 15 groups are Primary Groups and the remaining 13are Sub-Groups.Among the 15 predefined groups, 9 Groups are Balance Sheet items and the remaining 6 groupsare Profit & Loss A/c items. However, you may also alter the nomenclature of these predefined 28Groups
The List of Accounts screen is displayed as shown1. Capital AccountReserves & Surplus [Retained Earnings]2. Current AssetsBank AccountsCash-in-handDeposits (Asset)Loans & Advances (Asset)Stock-in-handSundry Debtors3. Current LiabilitiesDuties & TaxesProvisionsSundry Creditors4. Fixed Assets5. Investments6. Loans (Liability)Bank OD A/c [Bank OCC A/c]Secured LoansUnsecured Loans7. Suspense A/c8. Misc. Expenses (Asset)9. Branch/DivisionsOut of the 15 pre-defined primary groups, the following are the six pre-defined groups thatappear in the Profit & Loss Account.1. Sales Accounts2. Purchase Accounts3. Direct Incomes [Income (Direct)]4. Indirect Incomes [Income (Indirect)]5. Direct Expenses [Expenses (Direct)]6. Indirect Expenses [Expenses (Indirect