Dear Govind,
Can you check if the "Balance in Local Currency" is ticked in the control data tab. As this indicator is prerequisite for the "Clearing specific to Ledger Group".
Also ensure that the GL account does not fall under below category:
● Goods receipt and invoice receipt accounts
● Accounts for cash discounts
● Reconciliation accounts
● Tax-relevant accounts
● P&L accounts
Regards,
Sumti Bhadani