How to settle on G/L account groups

Hi,
I had discussions with the client and he provided me with a list of gl accounts. He has sorted the same as per his needs. I am unable to figure out what the account groups should be for the g/l's. Am pasting an extract.
                         FINAL GROUPING          
     Level 1          Level 2          Level 3           GL-ACCOUNTS
01SHAREHOLDERS'  FUNDS                              
          01     SHARE CAPITAL                    
                    01AUTHORISED,ISSUED,SUBSCRIBED AND PAID- UP          
                              0001     EQUITY SHARE CAPITAL
          02     RESERVES AND SURPLUS                    
                                    01RESERVES AND SURPLUS                                                                               
0001     CAPITAL RESERVE
                               0002     GENERAL RESERVE
                                   0003     PROFIT & LOSS ACCOUNT-SURPLUS
02     LOANS                              
          01     SECURED LOAN                    
                    01     TERM LOANS FROM BANKS          
                              0001     PUNJAB NATIONAL BANK
                              0002     TERM LOAN FROM PNB
          02     UNSECURED LOANS                    
                    01     LOAN FROM HOLDING COMPANY          
                              0001     V.S HOLDINGS PVT LTD(LOAN WITH INT
                              0002     V.S. HOLDINGS P.LTD(LOAN W/OUT INT)
                    02     LOAN FROM DIRECTORS          
                              0001     YATISH S  (CAR)
At what level should the account group be. Am confused between level 2 and 3 as I see pros and cons for both.
I thank you for your help in advance.
Regards,
Sailesh

Dear saileshsinha,
There is only two level with regards to sap account group and accounts.
With reference to the given detail
you can use following account group
Share capital.
Reserves and surplus
Secured Loans
Unsecured Loans.
This naming convention will totally depend on clients requirement.
How they want to differentiate his chart of accounts.
More over the legal part will be addressed in FSV.
Hope this will help you.

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