Answer / sridhar

COA is the list of GL accounts, All the GL Accounts in a chart of account will have an account number and account name.
There are 3 types of COA.

1) Operating Chart of accounts ( REGULAR )

2) Coutry chart of accounts ( For statuatary/legal requirements of a company code.

3) Group chart of accounts. ( Consolidation purpose)

sridhar

Answer / rakesh

Chart of accounts :
1)It is a variant which contains the structure and the basic information about the G/L accounts.

2)It is the list of G/L accounts.

3)The COA must be assigned to every company code for which
accounts are to be set up based on structured concerned.

4) You define the individual components of chart of account
a) language
b) length of G/L account number
c) Group chart of accounts
d) status field.

Answer / c.venkata ramana

a list of all gl accounts is called chart of accounts

Answer / vaani

A Classfication scheme consisting of group of general ledger
accounts

A chart of accounts provides a framework for recording
the values to ensure an orderly of rendering data
The gl accounts it contains by using one or more
company codes

The chart of account a gl account contains the
account no, the account name and techincal information

Answer / ganga.karudagi

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