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what is chart of account? what is operating chart of
account? how you are using group chart of account.
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Answer Posted / sreenivas reddy.pallem
Chart of account is the list of GL accounts it is used to control the GL accounts like Length of GL a/c from number to number in account groups.Finally it control the GL a/c how it will be. Operational COA is used to day to day business transactions and it is used in both FI and CO . It is also known as Standard chart of account.
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