What is leading ledger and non leading ledger in sap? What is new GL in SAP? Best sap fico training

What is leading ledger and non leading ledger in sap?
How parallel accounting is done using ledgers in sap?
What is the use of non leading ledger in sap?
Is ledger 0L created automatically by sap?
What is leading ledger in sap?
How many currencies can be assigned to a ledger in sap ecc?

Leading ledger is used for reporting as per group accounting principle. Non leading ledger can be used for reporting as per local accounting principle.



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