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Is It Required to Associate Cost Book to a Secondary Ledger?

in Costing 5 comments

Hi - I have two ledgers: Primary (Currency - USD), Secondary (Currency - GBP). I am having difficulty in understanding why we will associate the secondary ledger to a secondary cost book. Is it required? Below is the scenario i explained.

In the costing side, i have a Primary Cost Book associated to Primary Ledger and having Std costing. Secondary cost book having Avg costing. Lets say i am doing a Misc Receipt trx. So below are my questions:

Q1) Is the linking (Red line) from secondary cost book to secondary ledger is needed? Because the data for misc receipt trx gets posted to primary ledger and then goes to secondary ledger in GL. So again sending the same trx data to secondary ledger via secondary Cost Book is required? Or i am wrong here?

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