What is chart of account and how many charts of accounts can
be assigned to a company?

Answer Posted / thomas

chart of accounts is a varient contain list of gl to find
the head of the gl.income, exp, assets, liabilities.for
liabilites v create current liabilities, creditors,loan ,
bills payable. for assets fixed asset, current asset,bills
receivable,debtors and missllonus exp. so definding upon
the company we assign chart of accounts

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is a country chart of accounts?

702


What is business area?

613


Where can I get linux for my sap business suite?

600


How do you post cross-company code business area postings?

609


What is the difference between the chart of account view and company code view when maintaining a gl account?

609






Explain automatic primary cost planning? : co- cost center accounting

571


How do we create business transactions in Cash

987


What does restart a depreciation run mean? : fi- asset accounting

816


In Third Party sale process, I am getting an error- in MIRO(Error No. M8889-A/c 893010 has been set as not relevant for Tax, but when I want to change the Account Assignment in ME21 it is taking only G/L A/C 893010 and refusing all other G/L A/C's by giving 2 errors. They are ME045-G/L A/c 39010 cannot be used(please correct)and ME038-No direct posting can be made to G/L A/C 34000. Experts please share your knowledge to solve this problem. Warm Regards.

6891


What do you mean by balances in local currency only? : fi- general ledger master data

605


What is line item display? : fi- general ledger accounting

663


What is "dunning" in sap?

629


What is collective processing of gl accounts? : fi- general ledger accounting

720


Hi in normal Senario when we do any sale we put the signature if the supplier,and the one who has prepared it,etc.then in SAP can u say me as to how we will incorporate this in SAP.

2005


What are the important organizational units in fi?

614