Why you use Asset Class ?

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Why you use Asset Class ?..

An asset class is the link between the asset master record and the relevant GL account. Account determination in the asset class enable you to post to the relevant GL accont. Several asset class can use same account determination provided all these asset class use the same chart of account and post to the same GL account.

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Why you use Asset Class ?..

Answer / venu

based on asset class we have to create new assets.
without asset class we don't create any asset in asset master data..

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Why you use Asset Class ?..

Answer / lakshmi

You use the asset classes to structure your assets
according to the requirements of your enterprise.

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Why you use Asset Class ?..

Answer / shyam

Asset class is used for two purpose
1.Screen layout: which determine our input field in asset master.
2.Account Determination: GL account determination.

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