Question

What do you define when configuring asset classes?

There are 3 correct answers to this question.

1) Screen layout rules
2) Number ranges
3) Posting keys
4) Account determination
5) Financial statement version

Answer 1

When configuring asset classes, you define screen layout rules, number ranges, and posting keys.

Step-by-step explanation:

When configuring asset classes, you define certain parameters that determine how assets are managed and accounted for. The three correct answers are:

1. Screen layout rules: These rules define the layout and appearance of screens used to manage assets, such as asset classes, depreciation areas, and master data.
2. Number ranges: Number ranges are defined to assign unique identification numbers to asset classes, allowing for easy tracking and management.
3. Posting keys: Posting keys determine how accounting transactions related to asset classes are posted in the general ledger.