Hi joshi,
1. Check the settings in the following customizing
SPRO -> Asset Accounting -> Integration with the General Ledger -> Additional Account Assignement Objects
In there you must find CO object (f.w.Cost Center / Internal Orders as ACTIVE
2. All asset masters must have defined a cost center / internal order) in table ANLZ.
You can check this information by trx. SE16.
3. In "field status group" of account assignment, CO object must be optional.
To check this information, you can go to trx. AS02, double click on account determination, then select tab "Create/bank/interest".
4. Check if you have set additional cost center determination by trx. OKB9 that can be affecting the "cost center" derivation.
5. If company code has been defined as "Balances by Business Areas", then Cost Center won't be derivated from Asset Master.
6. Please verify the settings of:
SPRO -> Asset Accounting -> Integration with the General Ledger ->
Additional Account Assignment Objects.
Thanks,
G Rajendhar.