Answer / ramesh mehla

In which country u r working that is called local currency
and when you select local currency of the country then all
transaction will be made into such currency

Answer / suvankar pal

In G/L account if we select local currency then we can post
any documents in any currency but if we choose foreign
currency then we can only post the document of the same
foreign currency.

Answer / 10

Local currency in G/L is taken for balancing point.Setting
local currency indicator in GL master account affects the
way A/c Balances are stored in GL summary. If this
indicator is set, the GL balances are updated only in local
currency.

Foreign Currency valuation of GL accounts where the
indicator "only balance in local crcy" is set is affected
in the following manner depending upon the type of account

* If the account for which only balance in local currency
is set, is an open item managed account, i.e: the
indicator "Open Item Management" is also set in the GL
account master.

* If the account for which only balance in local currency
is set, is a non-open item managed account, i.e: the
indicator "Open Item Management" is also not set in the GL
account master.

Answer / satish.r

when u check amounts in local currency in the GL, you can
post a transaction in any other currency, even u can post a
foreign currency in to your company code, provided u have
to set the exchange rate difference in IMG for the foreing
currency rate of that country

When u set only foreign currency, you can post only in that
specific foreing currency.

Answer / srilatha

if we select local currency in G/L account all the balances
of that particular account will disply in that country
curren





cy. for example company is in india then currency will
display in rupees. if company is in us then currency then
it will display in dollars

Answer / prabha

When this option is selected, the balance of that particular account will display the balances only and only in local currency even though it has transactions dealing with foreign currency.
Simply speaking, that account balance does not display total of the foreign currency.

Answer / shashi ranjan pandey

Hi

I am SAP functional consultant.

What is pre-closing? : fi- general ledger master data

0 Answers  

Hi, People move to SAP Consultancy by making a shift over from their domain area, is there any chance for a SAP consultant to move back to the domain. For example a SD consultant trying to make it back to the Marketing function..... Honest answers please....

1 Answers  

what is the new-GL functionality in controlling module?

1 Answers   Wipro,

DIfference between F-43

0 Answers  

Do you know client copy?

3 Answers   IBM,

What is validation and substitution?how to you create validation and substitution?

1 Answers  

IF U R CALCULATE DEPRECIATION WRONGLY, IT IS POSSIBLE TO RE- CALCULTE DEPRECIATION? AND EXPLAIN?

2 Answers   L&T,

hi all where did we see the posting a document in FB50L. it is not reflect in fbl5n?

3 Answers   Wipro,

What are substitutions and validations? What is the precedent?

0 Answers  

What are the steps to follow for customising Bank Charges??

1 Answers   IBM,

Name the standard stages of the sap payment run?

0 Answers  

What is the difference between set screen and call screen?

0 Answers