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What is account group and what does it control?

Answer Posted / muthuraj.g

Account group is a summary of accounts based on a criteria
that effects when master records are created.

The COA has different type of Account Group.

It is use to interval GL Number for P & l and Balance sheet
item.

we can create income GL group for eg. 1 to 1000
expenditure group 1001 to 2000 like that.

When create GL we use the GL Account Group Number.

Is This Answer Correct ?    25 Yes 3 No



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