What is the significance of GL Master data? What is the
purpose of Mentioning the Field Status group in it?

Answer Posted / anirban

The significance of GL Master Data is to define the nature
of a GL account at the time of GL setup.

Field status group controls the line item entry screen for
GL account, which means at the time of an entry in GL
account what all fields are required to add on the entry
screen of a GL account as per the requirment.

Hope this would clear your doubt.

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