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Tally.ERP 9 ( Part 68) - Stock Group Vs Stock Category Video Lecture | Tally ERP 9: Complete Training - Software Development

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FAQs on Tally.ERP 9 ( Part 68) - Stock Group Vs Stock Category Video Lecture - Tally ERP 9: Complete Training - Software Development

1. What is the difference between Stock Group and Stock Category in Tally.ERP 9?
Ans. In Tally.ERP 9, a Stock Group is used to categorize inventory items based on their nature or characteristics, such as raw materials, finished goods, etc. On the other hand, a Stock Category is used to classify inventory items based on their usage or purpose, such as IT & Software, Electronics, etc. While Stock Group focuses on the characteristics of items, Stock Category focuses on their usage or purpose.
2. How can I create a Stock Group in Tally.ERP 9?
Ans. To create a Stock Group in Tally.ERP 9, follow these steps: 1. Go to Gateway of Tally and select "Inventory Info" from the menu. 2. Choose "Stock Groups" and then click on "Create" to create a new Stock Group. 3. Enter the name of the Stock Group and select the appropriate parent group if needed. 4. Provide additional details like the primary unit of measure, taxation details, etc. 5. Save the Stock Group to complete the creation process.
3. Can I change the Stock Group of an inventory item in Tally.ERP 9?
Ans. Yes, you can change the Stock Group of an inventory item in Tally.ERP 9. To do this, follow these steps: 1. Go to Gateway of Tally and select "Inventory Info" from the menu. 2. Choose "Stock Items" and select the inventory item whose Stock Group you want to change. 3. Click on "Alter" and then go to the "Stock Item Alteration" screen. 4. In the "Categorize Stock Items" section, select the new Stock Group for the item. 5. Save the changes to update the Stock Group of the inventory item.
4. How can I create a Stock Category in Tally.ERP 9?
Ans. To create a Stock Category in Tally.ERP 9, follow these steps: 1. Go to Gateway of Tally and select "Inventory Info" from the menu. 2. Choose "Stock Categories" and then click on "Create" to create a new Stock Category. 3. Enter the name of the Stock Category and select the appropriate parent category if needed. 4. Provide additional details like the taxation details, if applicable. 5. Save the Stock Category to complete the creation process.
5. Can I assign multiple Stock Groups to a Stock Category in Tally.ERP 9?
Ans. No, you cannot assign multiple Stock Groups to a Stock Category in Tally.ERP 9. Each Stock Category can only have one Stock Group assigned to it. However, you can create multiple Stock Categories and assign different Stock Groups to them based on your inventory classification needs.
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