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Account assignment category A

Former Member
0 Kudos

Dear All, It is mandatory that in account assignment category A the GR Non-Valuated checkbox should be ticked. If it will not be ticked then what will be advantage or disadvantage. If it will be ticked then what will be advantage or disadvantage. Thanks & Regrds Varun

Accepted Solutions (1)

Accepted Solutions (1)

sudeep_a
Active Contributor

Hi,

Generally, (As per statutory requirements) Asset should be capitalized before putting into use. Also, recording of purchased assets shall be made on the basis of actual costs, including all ancillary costs, based on vendor invoice or other supporting documentation.

This is the reason why GR non valuated has been given by default for A. Based on the statutory requirements and accounting policy of your company, you may un check the GR non valuated from OME9.

Regards,

Sudeep.

Answers (1)

Answers (1)

Former Member
0 Kudos

Hi Varun,

Please refer the below link will answer for your queries

Regards,

Manikandan G