GENERAL LEDGER ACCOUNTING

We will define ledger for each accounting principle in this customizing step. Leading Ledger: The leading ledger should be based on the same accounting principle as that of the consolidated financial statement. In our scenario, leading ledger will represent accounting principle US GAAP. Non-Leading Ledger: Non leading ledgers are parallel ledger to leading ledger. They can be based on the other accounting principles. In our scenario, we will define X1 non-leading ledger for Indian GAAP.