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what do you mean by fixed asset?
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Answer Posted / sathish.narisetty(warangal)
A long-term, tangible asset held for business use and not
expected to be converted to cash in the current or upcoming
fiscal year, such as manufacturing equipment, real estate,
and furniture. also called plant.
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What is Summarising
Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed
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