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Explain the difference between Country chart of accounts nd
group chart of accounts
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Answer Posted / k. suvarna
Country chart of accounts contain G\L accounts needed to
meet the country's legal requirement. This allows you to
provide statements for the country's legal requirement.
whereas
Group chart of accounts contains the GL accounts that are
used by the corporate group. This allows the company to
provide reports for the entire corporate group. The
assignment of group chart of accounts to company code is
optional
| Is This Answer Correct ? | 17 Yes | 2 No |
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