what is asset group?
what is parllal chart of accounts?
Answers were Sorted based on User's Feedback
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 |
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 |
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 |
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
| Is This Answer Correct ? | 2 Yes | 2 No |
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