Ratnakar Mishra (GST certified Practitioner from MSME) (38 Points)
05 December 2011Hi,
Dear Experts,
I would like to ask a question how I Creat Grouping in Tally of a Real Estates Developers Acconts, Please give the hirechy of goruping, on urgent basis.
With Regards,
Ratnakar Mishra
91+9968044818
Prakash
(Chartered Accountant)
(560 Points)
Replied 05 December 2011
Hierarchy of grouping depends on the Legal Framework
If it is a company, then you ought to follow Schedule VI of Companies Act 1956
You can also get the Financials of any Real Estate Company and have a glance over their presentation
For other than company it can be customised as per your convenience, I suggest in these casses you first have a glance over Respective Income Tax Return and customize accordingly
And for Creating Groups, use ERP Help Mannual, it will explain you in detail with shortcuts
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