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what is asset group?
what is parllal chart of accounts?
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Answer Posted / muthuraj.g
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
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I know that in version ECC6 exists the functionality of document splitting like this: If an Invoice is for 11,000/-.Then we write the GL as : vendor A/C Dr XXXX to Purchase 1 XXX to Purchase 2 XXX to Tax XX But through Document Splitting we can write it based on the %age of sharing as 80 : 20%.. Vendor A/c 8,800(DR) Purchase A/C 8,000(Cr) Tax 800 (Cr) Vendor A/C 2,200 (Dr) Purchase 2000(Cr) Tax 200(Cr) This is called Document Splitting But when you talk about tax, you mean a line item created manually like tax or a document where you complete the tax code and the line is created automatically? Thanks a lot in advance. REgards,Lorena
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