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
| Is This Answer Correct ? | 3 Yes | 0 No |
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.
| Is This Answer Correct ? | 3 Yes | 0 No |
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 |
U have made a Transaction Worth Rs.1,00,000..Then We made a down Payment worth Rs.50,000..Then the FY came to an end. When we are calculating TAX for the FY,on which amount we will calculate TAX,do we calculate TAX for this transaction ? .Then NEXT YEAR do we again calculate for Rs.1,00,000.or the remaining Rs.50,000.
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How does the system calculate depreciation? : fi- asset accounting
can we assign any no.of group chart of accounts G/ls in operating COA? i mean operating COA and Group COA is 1:1?
What is group asset in sap? When you will use this? : fi- asset accounting
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What is your team consolidation in support phase?
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