Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is Parallel Ledger?

Answer Posted / ravi kumar reddy

In General Ledger Accounting, you can perform parallel accounting by running several parallel ledgers (general ledgers) for different accounting principles. During posting, you can post data to all ledgers, to a specified selection of ledgers, or to a single ledger:

The data required according to the accounting principle for the consolidated financial statements is managed in the leading ledger of the general ledger (see also Ledgers). This leading ledger is integrated with all subsidiary ledgers and is updated in all company codes. This means that it is automatically assigned to all company codes.
For each additional (parallel) accounting principle, create an additional (non-leading) ledger in General Ledger Accounting.

Is This Answer Correct ?    6 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

You want to revalue the production orders using actual activity prices. Is there any configuration setting?

1017


What is a fiscal year variant ?

1087


How is component scrap maintained in sap?

1015


What items are required in a financial statement version? : fi- general ledger master data

998


What is the indirect allocation method of postings in co? : co- cost center accounting

1003


Explain about a shortened fiscal year?

1052


Explain cost center accounting? : co- general controlling

941


Can both account-based and costing based profitability analysis be configured at the same time?

1163


Give some examples of gl accounts that should be posted automatically through the system and how is this defined in the system?

1119


DIfference between F-43

1471


Tell me some important tickets in fico?

2112


Why is it not possible to post to a customer accont in a previously closed period?

1028


What is the impact on the old balance when the reconciliation account in the vendor master is changed?

1126


How do you carry-forward account balances? : cost center accounting

963


What are the necessities of a dialog program must complete?

979