mazu provides three default party groups under which user can create multiple sub groups, following are they:
Bank Account: This party group is used to refer to bank accounts, such as ICICI Bank, Kotak Bank, etc.
Cash In Hand: This party group is provided to refer to the cash accounts, such a Cash Counter, Petty Cash, etc.
Sundry Debitor: This party group is provided to refer to the accounts of the party who owes money to the business for goods or services sold on credit.
While creating a party, select the main group under ‘Party Group’.
