Answer Posted / bhaskar
GL master records control the posting of accounting
transaction to G/L accounts and the processing of the
posted data.The master data is created in the system before
making the postings to a G/L account.G/L account master
records are divided into two areas which makes company
codes with the same chart of accounts can use the same G/L
accounts.
(1) chart of accounts area: the chart of accounts area
contains the data that is valid for all company codes such
as account number.
(2) company code area: The company code specific area
contains data that must vary from one company code to
another,such as the currency in which the account may be
posted...
| Is This Answer Correct ? | 31 Yes | 2 No |
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