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WHAT IS CHART OF ACCOUNTS?

Answer Posted / rakesh

Chart of accounts :
1)It is a variant which contains the structure and the basic information about the G/L accounts.

2)It is the list of G/L accounts.

3)The COA must be assigned to every company code for which
accounts are to be set up based on structured concerned.

4) You define the individual components of chart of account
a) language
b) length of G/L account number
c) Group chart of accounts
d) status field.

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