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what is factor to be consider for finalisation of chart of account
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Answer Posted / kv
Following are some of the factors which can be considered. 1. Current Chart of Accounts structure of the Organization (legacy). 2.Reporting requirement (For ex: Product based profitability or reporting) 3. Inter-company Accounting 4. Legal Requirements 5.Type of Industry for example some project based organizations use a segment to get project based accounting.
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