What is chart of account and how many charts of
accounts can be assigned to a company?
The chart of Accounts is
nothing but the list of general Ledger Accounts. A single Company code can have only one chart of
Account assigned to it.
What is Country and operational chart of
account? Why do you use group chart of account?
Operational chart of
account means day to day activities in general ledger
Country specific chart of account means it is
county legal requirement
Group chat of account means it is used for consolidation
purpose
Can one CoA be assigned to several companies?
As Chart of Accounts are
defined at client level. We can as assign one chart of accounts to several
company codes
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