Incorrect transaction type

[Former Member]

WE have incorrectly used the transaction type as acq(100) when they should have used 300 for a transfer. What should I do to correct it.

This entry is for conversion fo warehowse stock to capital spare... and they are supposed to book it as a transfer, but it is booked as an acq.

Can anyone tell me what is the right way to correct it

I can not even reverse it as its past that month.

.

Any clarification is appreciated.

[Former Member]

Hi

Pass a rectification entry instead of reverse it.

If your entry is like this :

Capital Spare Parts a/c Dr. (100)

To Warehouse Stock

Capital Spare Parts a/c Dr. 300

To Capital Spare Parts a/c. (100)

manually write off those wrong items, so utimately your balance will be same and entry will be

Capital Spare Parts a/c Dr. 300

To Warehouse Stock

If it is useful assign points

[Former Member]

Thanks for your response... can you clarify the below

The asset has depreciation posted... does it matter

How can i post to a recon account

also the posting you said , i ahve to do it as an FI posting right.

Thank you

[Former Member]

HI,

Use T Code AB08 to reverse the original transcation. And pass with a correct transaction type.

Depreciation posting in any case cannot be reversed. So you need to manually adjust the depreciation by resetting the recon accounts in OAMK and passing a rectification entry by Crediting depreciation adn debiting Accumulated Depreciation.

After passing this you need to reset the recon accounts by using OAMK.

Reward if useful.

Sarma