Inter Finance Book Transfer – A summary of the activity

This activity allows you to transfer an asset from a finance book to another belonging to the same company. Further, it allows you to transfer an asset from one asset class to another asset class within the same finance book or between two finance books. An asset is usually transferred when there is a requirement for it in another location. The transfer of an asset is completed when the receipt of the asset is confirmed in the finance book. The transfer of an asset does not trigger any financial entries. This activity also allows you to view the various account postings.

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