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What is the difference between Secondar ledger and
Reporting Currency Ledger.
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Answer / thirupathi jetty
reporting currency ledger represents same primary ledger
accounting data in another currency.
secondary ledger is unlike MRC
secondary ledger is nothing but additional or optional ledger
it's represents your primary ledger accounting data in another
representation that differs in following "C" s
1. Chart of accounts
2. calendar/ period types.
3. accounting Convention
4. ledger processing options.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / deepak
Secondary ledger is used if you are required to report your
business with different parameters like
COA,Calendar,Subledger Accounting methods or Ledger options
other than what you have for your primary ledger. For
example if you are implementing business for Europe region
where the IFRS is used & you also have to report in US under
the US GAAP, you may either have your primary ledger
complying IFRS & Secondary ledger complying to US GAAP.
Reporting Currency ledgers are used if you want to report
your business under other currencies other than your
currency used for Primary ledger.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / mahesh kumar m
secondary ledger is trnsactions and entries currency ledger
means this a 2 type of ledgers .1 INR 2 STAT
| Is This Answer Correct ? | 0 Yes | 7 No |
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