Answer Posted / himabindu

group chart of accounts are used for consolidation
purpose.for ex:if in all your company codes one chart of
accounts are maintained then there is no need to maintain
group chart of accounts.if all your company codes are
maintaining different chart of accounts then there is a need
to maintain group chart of accounts to consolidate all your
company codes chart of accounts.
country chart of accounts :These are structured in
accordance with legal requirements of the country in question.

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