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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.

Answer Posted / 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.

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