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Former Member

Asset Scrapping and Revenue Accounting.


Hi Experts

I am carrying out Asset Scrapping in Asset Module. Creating a Non valuated material in MM and from SD module carrying out Sale of Scrap and accounting revenue from Sale.

Doing this activity i have net loss in Asset Module and Revenue amount from SD in Revenue GL. There is no accounting of revenue amount in Asset.

My Client wants to account the revenue againt the Asset Code, so that the Net loss will be less.

Eg. Asset Book value 10000

Dep 1000

Net book value 9000

In Asset Scrapping Loss of Rs 9000 is accounted for in Asset Module

From SD we sell so Revenue Amount 5000

My Client wants to show Net loss of Rs 4000 in Asset (9000-5000).

Please advice how this can be achieved.

Thanks In advance.

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  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Jun 06, 2014 at 10:49 AM

    Hi Archana,

    If you scrap assets with revenue you could use T code F-92 Sale with revenue with customer or ABAON if without customer in stead of T code ABAVN.

    It will help calculating the net loss after considering the revenue from customer.

    Hope it solves your issue.

    Regards,

    G.Sethuraman

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 06, 2014 at 11:06 AM

    Hi Archana,

    Use TCode ABAON if you are doing asset scrapping without customer. Whatever amount you give in the revenue field will be debited to some GL account and loss of some amount will be in different GL account. By this client can show that net loss is 4000 from particular asset.

    Regards,

    Guneetinder Singh

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