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what is asset group?
what is parllal chart of accounts?
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Answer Posted / muthuraj.g
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
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