How many currencies can be assigned to one company code.what is the need of ma

How many currencies can be assigned to one company
code.what is the need of many currencies to one company
code.how does it work.pls give me one example also.

Question Posted / sam

4 Answers
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How many currencies can be assigned to one company code.what is the need of many currencies to one..

Answer / vasudev

generally up to three currencies can be assigned to one
company code and for specific legal reports and foreign
currency transactions purpose we have to maintain
you are alloud to enter documement in any currency , but
the system can trnslate between document and local currency
by refering table of daily exchange rates

Is This Answer Correct ?

38 Yes

1 No

How many currencies can be assigned to one company code.what is the need of many currencies to one..

Answer / krish

A company code can have 3 currencies in total. One which is called the local currency ( ie company code currency) and 2 parallel currencies can be configured.

In case 2 currencies are configured. (Company code currency and a parallel currency) there is no need for an additional ledger. In case the third parallel currency is configured and is different than the second currency type, you need to configure additional ledger.

Is This Answer Correct ?

12 Yes

2 No

How many currencies can be assigned to one company code.what is the need of many currencies to one..

Answer / karnmba

A company code can have 3 currencies in total. They are local currency i.e. company code currency) and 2 parallel currencies. This gives the company the flexibility to report in the different currencies.

Regads,
Pankaj

Is This Answer Correct ?

5 Yes

0 No

How many currencies can be assigned to one company code.what is the need of many currencies to one..

Answer / chinmay

currencies are assigned 1.local currency,2.document
currency,3.group currency,4.updating currency,5.credit
limit currency,6.ledger currency aditional currency
assignmentare
for forign exchange management 1.hard currency,2.index
currency,3.global currency
you are alloud to enter documement in any currency , but
the system can trnslate between document and local currency
by refering table of daily exchange rates

Is This Answer Correct ?

9 Yes

13 No

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