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CIP Account for Asset Capitalization

edited Oct 16, 2013 6:49PM in Projects - EBS (MOSC) 2 commentsAnswered

Hi All

We are using capital project and there are number of Asset which are parked in Asse module as CIP lines.  I just want to know what should be the name of Asset Clearing Account at Category level.

Should it be CIP account or Asset Clearing Account.  Although there will not be any accounting impact but I just want to know the standard practice.

Thanks

Raj

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