Answer / nazeer ahammed

Classifing fixed assets in organisation as per particular
country legal requirements.

for eg:
land
buildings
vehicles
etc

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.

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

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