Explain the difference between Country chart of accounts nd
group chart of accounts
Answer Posted / vicky pruthi
country chart of account contains the g/l account i.e
neccesary to meet the country specific legal requirement.
whereas
when the co. is operating its business in the differnt
countries than for consolidation purpose the group coa is
assigned to the operative chart of account.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
Explain the importance of asset classes in the sap software?
I had posted a down payment to a vendor. In addition to that i had posted the invoice to the same vendor.When i run the F110 to make the payment, I want the functionality to adjust the down payment with the invoice & to pay the balance amount. I don't want to do the down payment clearing manually in F- 54. the down payment should be done in the F110 itslef. Is it possible?. If yes what is the configuration related to this.
What is gr/ir? What journal entries we should pass for this?
Can you explain how carry-forward happens in sap?
what is the implemention project in sap?
How many numbers of line items in one single entry you can have?
How do you create new status groups for capital spending accounts and revenue accounts? What are the steps and the T codes used?
what do you mean by the field status group?
What is archiving? How does it differ from deletion? : fi- general ledger accounting
What is account based profitability analysis? : cost center accounting
When do you use special period?
What is an activity price calculation? : co- cost center accounting
What is gui standing? How to create /edit gui status?
Explain the use of direct or indirect quotations?
In initial project resources how can u distribute 1 crore amount among various modules like FI,CO,HR,PP,MM,SA,ABAP & BASIS etc.