What is Assets class?
Answers were Sorted based on User's Feedback
Answer / nazeer ahammed
Classifing fixed assets in organisation as per particular
country legal requirements.
for eg:
land
buildings
vehicles
etc
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Answer / e.sunil kumar reddy
Classifing the asset in organisation as per particular
country legal requirements.
for eg:
land
buildings
vehicles
etc
This is also sub ledger.sub asset means
for eg:
repairs a/c dr
vehicals a/c dr
to . bank a/c
assets accounting is based on 4 rules:
1.sub assets master is to be created with reference to the
main assets master.
2.main assets master is to be created with assets class.
3.account determination is to specified inasset class.
4.For account determination we assign G/L acount based on
nature of transation.
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Answer / chakri
Asset class structuring of fixed assets.Asset class is the
main configuration step in AA
Asset class controls
1.account determination
2.Screen layouts
3.number ranges of asset master records
Asset class comparies 3 steps
1.control data
2.master data
3.valuation data
Is This Answer Correct ? | 1 Yes | 0 No |
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