Can any one please tell me that what is the disadvantage of using global chat of account?
Kindly share your valuable views here.
Thanks in advance.
There is no Matter of Disadvantage.
Global Chart of account is used to consolidate one or more chrart of accounts to draw thr Financial Statements Group of Company Wise.
For Example TATA is group Tata Steel and Tata Motors are 2 differnt Companies in TATA group. If Mgt wants the consolidate P&L Statements they will use Group COA and draw the reports.
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