Answer Posted / rajendran
Asset classes are the most important criteria in structuring
the fixed assets, every asset in the company has to be
assigned to exactly one asset class which all should have
similar depreciation terms. many asset classes can be
assigned to one GL account. it controls the number range of
the asset account number, screen layout and account
determination. this asset classes are mainly for reporting
purposes.
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May i know the difference between Direct capitalisation and AUC capitalisation in Fixed Assets
You are entered a credit memo posting to vendor who is linked to a customer on 1st of May 2003 for your company code but you have not specifically entered the same data in customer till now. You have lots of entries appearing in the vendor and customer account prior to that date of May 2003 also. You are making a manual payment to the vendor ? select out of the following which statements are correct. a. Credit memo document will get the special payment term as per vendor master definition. b. Customer items will not be shown while paying the vendor as customer is not linked. c. Customer items will be shown only postings after the date 1st May 2003. d. All items of customer and vendor will be available for payment provided payment is same from 1st May 2003. e. All items of customer and vendor will be available for payment provided Special GL items are also selected in selection screen irrespective of the activation date
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