Skip to Content
author's profile photo Former Member
Former Member

ABZU- changing G/L on sale of asset to Depr. Exp

Hi experts,

When i tried to run ABZU in writing up depreciation, and simulate it, the appeared entry is Dr. Accum.Depr, Cr. G/L on sale of asset. The problem is, it should be credit Depreciation Expense to offset the previous set up of depreciation. How can i change the G/L on sale, into Depreciation Exp?

Thank you in advance. 😀

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

3 Answers

  • Best Answer
    Posted on Jul 20, 2016 at 04:10 AM

    Hi,


    Check the GL account assignment as highlighted in the below screen shot for the account determination of the asset in AO90. Here you should assign depreciation expense account, then only you will get desire posting.

    Regards,

    Mukthar


    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Jul 20, 2016 at 03:43 AM

    To adjust previous depreciation , do ABAA and select the appropriate transaction (640).

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Jul 20, 2016 at 03:47 AM

    You can even create new transaction type at A078 -new entries and call those transaction type in ABAA.

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.