Answer Posted / n.kiran kumar reddy.
Account group determines the interval in which the account
number must be.while grouping accounts we can define the
fallowing for the group of acounts.
number interval.
screen layout for every account groups.
Using the account group, you can group the G/L accounts
according to functional area.
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
Explain bank statement in cash management? : fi- general ledger
What is known as year shift/displacement in a fiscal year?
Is there a prerequisite for carry-forward activity?
What are the options available while performing revaluation in an actual costing run?
What is a sort version? : fi- asset accounting
Where does TDS codes maintain and which fields are updated for TDS calculation for invoice/Advance
How many charts of accounts can a company code have?
re: when i am posting insharecapitalpaid i received one message that is there is no item is assigned to this account (bankaccount)/company code
Why we do manual clearing?
What is the difference between asset accounting and asset class?
Explain the vendor master record and list various segments in them.
What does field status group assign to a gl master record controls?
Which is the payment term which actually gets defaulted in transaction (accounting view or purchasing view)?
Why do we create profit centers? What are the key components of profit center? : cost center accounting
How do you take the balances onto fixed asset reconciliation accounts during data take-on?