Multiple choice technology packaged enterprise solutions

Fixed Assets Book is Linked with GL and AP on the basis of?

  1. Operating Unit

  2. Legal Entity

  3. Set of Books

  4. Asset Organization
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C Correct answer
Explanation

In Oracle E-Business Suite, the Set of Books (SOB) is the accounting structure that links Fixed Assets with General Ledger (GL) and Accounts Payable (AP). The SOB defines the accounting calendar, currency, and ledger that connect these modules.

AI explanation

In Oracle E-Business Suite, the Fixed Assets Book (Asset Book) is linked to General Ledger and Accounts Payable through the Set of Books (or Ledger, in R12 terminology) assigned to that asset book. The Set of Books defines the chart of accounts, calendar, and currency that FA shares with GL, and it's this shared ledger context that lets AP invoice distributions flow into FA and FA journal entries post to GL. Operating Unit governs AP/OM security and MOAC context (not the FA-GL-AP link), Legal Entity is a higher-level statutory concept, and Asset Organization relates to inventory/asset tracking, not the GL/AP linkage — so Set of Books is the correct link.

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