Ledger Question:

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What is Journal Entry?

Ledger Interview Question
Ledger Interview Question

Answer:

Non Cash Transactions Should be Recorded In Journal Entry.

For Ex:

Salaries A/c Dr xxxxx

To Salaries Payble A/c xxxx.

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Tell me what is meant by group chart of accounts in sap fico?Can you please explain the difference between General Ledger and Final accounts?