Interested to Buy Any Domain ? << Click Here >> for more details...
What is asset class? What are depreciation areas?
- 12 Answers
- 67635 Views
- HP, I also Faced
- E-Mail Answers
Answer Posted / nazeer ahammed
Asset class:classfying fixed assets in arganisation as per
particular country legal requirements.
ex: land,buildings,plant,machinery,furniture and
fixtures,vehicles,capital workin progress etc.,
for example take building as one asset class:
house hold building
commersial building
factory building
agriculture building
etc.,
Depreciation Areas:
Depreciation areas are used to calculate depreciation for
different reporting purposes.
ex:
Book depreciation(as per company Act 1956)
special Tax depreciation(as per income tax act 1961)
group depreciation
cost depreciation
management depreciaion
etc.,
| Is This Answer Correct ? | 48 Yes | 2 No |
Post New Answer View All Answers
What is the land scape in sap?
How do you manage outgoing partial payment for the vendor in fi?
How does group chart of accounts differ from operating chart of accounts?
What is Difference between Cost center and Profit center. Can any one explain me?
How many normal and special peroids can be there in a fiscal year? How do you open and close periods? What is the use of special periods?
What is difference between investment order, internal order and accrual orders? : cost center accounting
What is internal and external number ranges? Discuss how they differ in their use?
open item mgt a/c are all the balance sheet a/c but all balance sheet a/c are not are all openitem mgt plz explain? plz send the mail id rddy786@gmail.com
What are posting keys? State the purpose of defining posting keys?
How do you create an asset accounting company code? : fi- asset accounting
How do you create gl account master data? : fi- general ledger accounting
How many retained earnings accont can be defined?
What is partitioning characteristic in co-pa used for? : co-pa
how to execute COPA reports ?
Our company has 2 divisions: Food Service & Food Beverage Units Now we have a problem... The customer no. 500 , is shared between our Food Service and Food & Beverage units. T we do not have a customer hierarchy for the following combination: sales org. 1000 dist. channel 10 ( for food service) division 00. We cannot set this up because we have the customer hierarchy already created for sales org.1000, dist. channel 11 ( for food and beverage) division 00 Is there anyway that we can set up the customer hierarchy for food service units? Please let me know
