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There is no specific attribute for differentiating 'Fixed Asset' item and a normal item. All the items can be converted as Fixed Assets. This will be done during Payables Invoice creation.
Usually the FA item will be created as an 'Expense Item (your first kind of item). The destination will be expense as it is an expense item. You will receive the item like receiving a normal item.
Thanks, I also had this exact specific doubt. Can you just tell me how does the asset clearing account come into picture for these kind of items.
I found the following blog which ruptured my understanding and this thread had helped me to understand it better
So how does Asset clearing account come into picture in payable invoicing.
One more doubt, So what is the difference between Inventory Asset Flag and Costing Enabled Flag.
Why doe we use this case.
i.e Inventory Asset Flag as Checked and Costing Enabled Flag as No.
Does this make any sense. Can these two flags be combined to a single one.