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WHAT IS CHART OF ACCOUNTS?

Answer Posted / 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

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