LEDGER and cin

Question

What is meant by subledger account and pending ledger?
what is condition type , where we use in ?

Answer 1

Definition of General Ledger and Sub Ledgers in SAP
u2022 The general ledger is a list of account balances for a specific company. It is used to support legal financial statements and other statutory reports.
u2022 All accounting transactions to a company are recorded in the General Ledger; then, if applicable, P&L transactions are posted through to Controlling module.
u2022 Where it is not practical to list all accounts of a specific category in the GL, e.g., customers, they are totalled and rolled up into one account (reconciliation account). The list of customer accounts (AR) is a sub ledger of the general ledger. Other sub ledgers are vendors (AP), fixed assets, material stock balances, work orders and capital projects.
u2022 Transactions posted to sub ledgers are automatically rolled up into the General Ledger reconciliation
accounts
u2022 Transactions posted to sub ledgers are automatically rolled up into the General Ledger reconciliation
accounts
Sub Ledgeru2014Accounts Payable , Accounts Receiveable & Asset Accounting
General Ledger- A/P Reconcilation Accountinmg , A/R Reconciliation accounring, Asset reconciliation accounting
Condition Types
Price elements are represented in the SAP system byg condition types. Price elements can be, for example, prices, surcharges, discounts, taxes or, freight, and are stored in the system in condition records.
We can, for example, define whether a discount is calculated as a percentage or a fixed amount using the condition type.
We specify an access sequence in every condition type. Thus, we define which fields the SAP system checks when searching for a valid condition record.
u2022     The pricing procedure groups all condition types together which the SAP system is to automatically take into account during pricing for a business transaction
u2022     Remember that we can only specify manually in a document those condition types which are contained in the pricing procedure.
u2022     We can change the outcome of pricing in the sales document manually. We can limit options for changing a condition type in this IMG step.
u2022     If we define wer own condition types, the key should start with the letter Z since SAP reserves these letters for that purpose in the standard system.
u2022     Do not change the condition types which are contained in the standard SAP R/3 System.
Actions
1. Check to what extent we can use the condition types contained in the standard SAP R/3 System.
2. Create new condition types by copying a similar conditions type and changing it according to wer requirements. One reason for creating a new condition type is we may require a calculation rule for a discount which is not avaialable in the standard system.
Specify an alphanumeric key which can have up to 4 digits, and a textual description.