Chart of Accounts 

Use

In the General Ledger, you can define different charts of accounts. Each company code is assigned to exactly one chart of accounts. The chart of accounts is used for the account assignments within Asset Accounting.

The account assignment is controlled by means of the asset class in Asset Accounting (see Account Assignment). In each asset class, you must specify an account determination. In this account determination, you specify the G/L accounts in which automatic posting takes place for different transactions.