Can I use one ledger for two asset corporate books?

Summary:

Hi All,

Thank you for your help and support.

Kindly note the below:
A client has inquired about the possibility of utilizing a single ledger for managing two separate asset books in India. Their specific scenario involves furniture and electronics, each with distinct depreciation policies.

The entity regulations often require maintaining two asset books for fixed assets. I would appreciate your insights on whether a single ledger can effectively accommodate these two books with different depreciation methods. If yes, How could the setups be done.

Thank you again for your continued support.
Paul

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