What is Set of Books? What are the four conditions when you change your SOBs?

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Sandipanni Bharadwaj

  • Aug 10th, 2005
 

Setup book defines the Accounting structure of the company. Set of book consist of three thigns Currency, Calendar and Chart of Account.

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siva kumari

  • Nov 1st, 2005
 

set of book is a combination of currency,calendar,chart of accounts.

four conditions when u change ur sob is:

1.check ur currency

2.check ur calendar

3.check ur chart of accounts

4.u have to assign ur sob to ur responsibilityh

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sumalatha.m12

  • Jul 10th, 2007
 

Set of book means linking between the 3cs i.e chart of accounts, calendar, currency and maintain 5 mandatory accounts

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Spice

  • Oct 3rd, 2007
 

Set of books are created keeping in mind the 'Accounting Structure". This is made up of 3 'Cs' - Chart of Accounts, Currency and Calender

Chart of accounts is made up of segments. Max of 30 Segments are allowed. 2 Segments are mandatory - Balancing and Natural

Calender - This can have a max of 365 periods (daily clendar) and a min of 1 period (Yearly calendar). Periods can be monthly, fortnightly, weekly, daily........

SOB is of 2 types - Primary and Reporting.

Primary SOB - All transactions are with functional Currency
Reporting SOB - All transactions are with foreign Currency

SOB cannot be CHANGED

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