What does definition of a chart of account contains?
Answer Posted / dinesh lakhotiya
The chart of accounts contains the list of GL accounts.
In simple words, it may be defined as a list of GL accounts
used for external(Tax authorities etc.) and interal(
management level etc.) purposes.
| Is This Answer Correct ? | 16 Yes | 1 No |
Post New Answer View All Answers
a cost element is used for some cost center but only in some case like discount allowed particular internal order should be picked? can any one help me?
The user reported that buyer Grbic 81 DOO, SAP code 200021394 has busy Credit Limit in amount of 1.312,93 RSD, which makes blockades on the stuff delivery to the buyer. This makes Open delivery which is not recognized by the SAP overview. The user asks for the additional check and resolution of the issue.
What is a posting period and how does the system identifies posting period?
What role does sap play in the open source scene?
What are recurring entries and why are they used?
How do you configure the gl account for the house bank? : fi- general ledger accounting
What is account determination ? : fi- asset accounting
What is the basic difference in customizing in profitability analysis as compared to other modules?
Explain some of the controls setup during the configuration of internal order types in the co module?
What are the issues you faced after the implementation project in go-live?
A finance document usually has an assignment field. This field automatically gets populated during data entry. Where does it get its value?
What are the major components of the chart of accounts?
What is account group? What does it control?
What is the purpose of payment methods and when are they stored?
What is a local currency?