What is the necessary to create Asset Class?

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What is the necessary to create Asset Class?..

Answer / souram

Asset Class is the most important criteria for structuring
fixed assets from an accounting point of view. Every asset
has to be assigned to exactly one asset class. The asset
class is used to assign the assets to the correct general
ledger accounts. several asset classes can use the same
account assignment.

Account Determination:

one of the most important functions of the asset class is to
establish the connection between the asset master records
and the corresponding accounts int he general ledger in
financial accounting. this connection is created by the
account determination key in asset class.

Screen layouts
Asset numbers.

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What is the necessary to create Asset Class?..

Answer / vijay. kalla

in the Asset class we are giving link between asset master
and respective gl account. Asset class is the most
important for the all fixed assets. In this area we are
determining the which number range, screen layout and other
things we following the fixed asset.

if i written the above answer is wrong pl. suggest to me.

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What is the necessary to create Asset Class?..

Answer / george

as above

Is This Answer Correct ?

0 Yes

3 No

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