Answer Posted / naveen

1. Field status variant: A field status variant is nothing but which groups several field status groups(eg. 0001 is a variant which holds several field status groups).

You assign a field status variant to each company code.
2. Field Status Group (FSG):The field status group specifies which fields are ready for input, which fields must be filled or which fields are suppressed while entering documents. This specification is known as the field status.

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