Answer Posted / zaver raipanchola

Leading Ledger:
The leading ledger is based on the same accounting
principle as that of the consolidated financial statement.
It is integrated with all subsidiary ledgers and is updated
in all company codes. You must designate one ledger as the
leading ledger.
In each company code, the leading ledger automatically
receives the settings that apply to that company code: the
currencies, the fiscal year variant, and the variant of the
posting periods.
In New G/L, there is one leading ledger for each client
that is valid for all company codes.
The accounting standard to be used in the leading ledger
needs to be decided first.
This assignment cannot be deactivated once it has been
defined.
You can only define one ledger as a leading ledger.
SAP provides the leading ledger 0L as standard.
Only the leading ledger is integrated with CO. Values from
the leading ledger are updated in CO.

Non-Leading Ledger
The non-leading ledgers are parallel ledgers to the leading
ledger. They can be based for example on local accounting
principles
You must activate a non-leading ledger by company code.
For each ledger that you create, a ledger group of the same
name is automatically created.

How many chart of accounts can a company code have?

1057

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