How many reporting Set of Books can be attached to one
primary Set of Books
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Answer Posted / manisha
A reporting set of books is a financial reporting entity
associated with a primary set of books. While the reporting
set of books has the same chart of accounts and accounting
calendar as the primary set of books, its use of a
different functional currency (reporting functional
currency) allows you to report in a different functional
currency than that of your primary set of books.
You must define a separate set of books for each of your
reporting functional currencies. By using MRC concept we
can maintain up to Eight Reporting Set Of Books.
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