Capital Budgeting
Initially, I created a budget for the category and period for a specified budget book.
Next, I tried to create asset for that period/category more than the amount BUDGETTED. I presumed that the asset will not be created as the actual amount is more than the BUDGETED amount.
I could create the asset with out any issue.
My question.......Capital budgeting check is mandatory before creating asset or not , meaning , if we can create assets in corp book for that budget book, more than the budgetted amount.