How do you answer this question "what is company code". 2) Is it necessary to create Sundry creditors a/c while we use Vendor a/c in SAP?

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Sarvottam

  • Mar 12th, 2007
 

A company code is a seperate legal entity i.e. it is a unit which has to prepared it's own seperate P&L and Balance sheet.


Creation of sundry creditors depends on you business process.

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nkamuni_mca

  • Mar 2nd, 2010
 

A company code is the legal entity for which we can prepare profit and loss account and Balance sheet...

Sundry Creditors account is a reconciliation account and it is always adviced to maintain this account as we can reconcile our vendor accounts with sundry creditors account and secondly, while preparing the balance sheet we cannot show each and every vendor account we will show sundry creditors account balance only.

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