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Tally Software > Learn Tally Software > How many type of account in tally?
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How many type of account in tally?

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Cyber Security, CEH, CCNA, CCNP, Data Analytics Expert (15+ Year Experience) - IT Professional

Hello Benjamin, Tally has two predefined ledgers: Cash and Profit and Loss. Tally.ERP 9 also supports three types of bank accounts: Saving Account (Bank Account), Over Draft account (Bank OD), and Cash Credit account (Bank OCC). Tally also allows users to create their own groups, either as sub-groups...
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Hello Benjamin, Tally has two predefined ledgers: Cash and Profit and Loss. Tally.ERP 9 also supports three types of bank accounts: Saving Account (Bank Account), Over Draft account (Bank OD), and Cash Credit account (Bank OCC). 

 

Tally also allows users to create their own groups, either as sub-groups or primary groups. Users can sub-classify groups to an unlimited level, creating a virtual accounting tree.  

 

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"Transforming your struggles into success"

Tally has two main types of accounts: Personal Accounts (for individuals, firms, and companies) and Impersonal Accounts, which are further divided into Real Accounts (assets) and Nominal Accounts (income, expenses, gains, and losses).
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In Tally, accounts are broadly categorized into three types: 1. **Personal Accounts**: Accounts of individuals, firms, or organizations (e.g., debtors, creditors). 2. **Real Accounts**: Accounts related to assets (e.g., cash, bank, fixed assets). 3. **Nominal Accounts**: Accounts related to expenses...
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In Tally, accounts are broadly categorized into three types: 1. **Personal Accounts**: Accounts of individuals, firms, or organizations (e.g., debtors, creditors). 2. **Real Accounts**: Accounts related to assets (e.g., cash, bank, fixed assets). 3. **Nominal Accounts**: Accounts related to expenses and income (e.g., salaries, sales). These categories help in organizing and managing financial transactions effectively. read less
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Fundamentals of Programming languages and Data Science

In Tally, there are three main types of accounts: Personal Accounts: Related to individuals, businesses, or organizations (e.g., Debtors, Creditors). Real Accounts: Related to assets and liabilities (e.g., Cash, Bank, Fixed Assets). Nominal Accounts: Related to income, expenses, and gains...
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In Tally, there are three main types of accounts:

  1. Personal Accounts: Related to individuals, businesses, or organizations (e.g., Debtors, Creditors).
  2. Real Accounts: Related to assets and liabilities (e.g., Cash, Bank, Fixed Assets).
  3. Nominal Accounts: Related to income, expenses, and gains or losses (e.g., Sales, Salaries, Rent).

Each type serves a different purpose in financial management and reporting.

 
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