what is asset group? what is parllal chart of accounts?

what is asset group?
what is parllal chart of accounts?

Question Posted / suresh

4 Answers
18791 Views
Wipro, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

what is asset group? what is parllal chart of accounts?..

Asset group means, we fibercate the total assets.

Asset: Furniture & fittings, Asset:plant&mach-Ele.Equipment
asset:plant&machinery-etc., The group is easy to identify
the assets and easy to set the Depreciation key. for
eg.Funiture & Fittings-Dep.18% is one group. some furniture
like that cinema shed which 100% dep. So we have to create

Fur&Fitt 18%
Fur&Fitt 100%
It will be easy to create asset under the relevant group
system automatically calculate the depreciation based on
the depreciation key.

If you have more doubt ih this asset, ask agains

Is This Answer Correct ?

8 Yes

0 No

what is asset group? what is parllal chart of accounts?..

Answer / tanvi

1). The concept of group assets becomes necessary
when u need yo carry out deprecaition at a group
level for some special purposes like tax reporting,
this can have any number of sub assets denoted by
asset sub- number.
2).Sap way of depreciation is always idividual asset
level. if we ned to calculate depreciation at
group level we need to group assets.for this we
need special d epreication area for calculate group
depreiation.

Is This Answer Correct ?

4 Yes

1 No

what is asset group? what is parllal chart of accounts?..

Answer / kumar

Grouping some assets in to one group ie., for ex; Plant &
Machinery is one group what ever assets comes under p&m will
will group into that p&m.

Is This Answer Correct ?

3 Yes

2 No

what is asset group? what is parllal chart of accounts?..

Answer / archana

Assets group is the part or accessories of the same asset.
The assets no is same except 0 for main asset and 1, 2 etc
for subsequent accessores