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What is the meaning of Generate Asset Classes From GL
Accounts. Kindly can any one tell me what is the meaning of
this in detail.
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Answer Posted / pp
Asset classes are main criteria for classifying the
assets.In the Asset class we have to give the account
determination key.Which contains the gl accounts for
Gain,loss from asset sale,Acquisition,depreciation
calculation,Scrapping etc.Whenever create the asset master
we need to give the asset classes.When ever any transactions
are posted happens the Gl accounts attached to asset class
is automatically picked up and entries are passed.In asset
class we have to give the screen layout,Number range.
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