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What is the meaning of Generate Asset Classes From GL
Accounts. Kindly can any one tell me what is the meaning of
this in detail.
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Answer Posted / n.selvakumar
Asset class is different from GL accounts. Similar assets
which require uniform treatment can be grouped under one
asset class. All the assets booked in the asset class
must have same attributes. Whereas GL account is the
account determination key which links the asset subsidary
books for consolidation .
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