can asset be retired in same month of creation?

Question Posted / sunil_nirala

3 Answers
9191 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

can asset be retired in same month of creation?..

Answer / ravi dogga

•You can only retire assets that were added in previous periods and are effective in the current fiscal year.
•You cannot retire an asset that you added in the current period. Therefore it is advisable that you must enter your retirement as a prior period retirement after you run depreciation. [[This is 11i Functionality

Is This Answer Correct ?

3 Yes

0 No

can asset be retired in same month of creation?..

Answer / thabassum neha

Yes

Is This Answer Correct ?

8 Yes

8 No

can asset be retired in same month of creation?..

Answer / saiyid maududi

Yes, In R12 release you can retire same period.

Is This Answer Correct ?

1 Yes

1 No

Post New Answer

More Oracle Apps Financial Interview Questions

what is MD050 & wat specifications are included in it

5 Answers Meru Cabs,

Which factor decide how many segment in our structure?

1 Answers Deloitte,

What is ment by retire asset? How do we retire assets in Oracle applications?

2 Answers

How to see the structure of organization?ie which LE connected to which ledger and which OU connected to which LE?

2 Answers

What is the use of Cost center

5 Answers Ernst Young,

there is something called "pragma" ?what is it ?on which context it is used ?

1 Answers

Let me know to Support projects life cycles details?

2 Answers Accenture,

Can you cancel the invoice? If yes, explain?

6 Answers

Prepared transaction for 1000$, Received receipt from customer For 1000$, Transaction and receipt closed. customer returned 200$ worth goods, He wants refund for 200$. how can you achieve this.

2 Answers Accenture, Cap Gemini,

hi friends i am a B.com Commerce Graduate, completed in the year 2006. i have good knowledge in oracle General Ledger, Accounts Payable, Cash Management. i have basic Knowledge in Accounts Receivables and Fixed Assets, i dont have experience in oracle financials, but i have 3 years of experience in Accounts. After learning oracle i am very much confused that will i be eligible to get job in oracle or not. i got adviced from many consultancies and councellors about this matter , few of them advice me to search oracle job and few are'nt . please advice me to what to do .

2 Answers

Please post the setups required to approve the payable invoice in AP.

0 Answers

if you are not having a cashmanagement module how to reconcile or how to clear the transactions?

2 Answers Genpact,

For more Oracle Apps Financial Interview Questions Click Here