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Former Member

AUC

HI,

How to post AUC asset Purchase..

regards

JK

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  • author's profile photo Former Member
    Former Member
    Posted on Jul 04, 2008 at 09:00 AM

    Hi,

    Assets under construction are acquisitions to fixed assets that are not permitted to be capitalized and depreciated immediately. The options below apply to direct capitalization:

    • Collect the costs using an investment measure (an order or a work breakdown structure element with an asset under construction linked to it). This is related to Investment Management (IM) component.

    • Collect the costs on an independent asset under construction as we do for normal asset i.e F-90, if its with vendor.

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  • author's profile photo Former Member
    Former Member
    Posted on Jul 04, 2008 at 09:24 AM

    Hai

    All the assets which are purchased if routed thru mm u havt raise a capital PO and at the time of raising the capital PO u have to select the account assignment category as A then systems asks the asset code u have to specify the asset code and save the PO.

    The process of asset procurment thru MM will be as follows

    When assets are routed thru MM

    1) PO is raised. At the time of raising the PO we have to give the asset code in that PO.Suppose if itu2019s a direct asset give the asset code and if it is AUC then give AUC Code.

    2) GR is Done:-

    AUC or Asset A/C Dr

    To GR/IR Clearing A/C

    3) Excise :-

    Cenvat On Hold A/C (50%)

    Excise Duty Paid A/C Dr(50%)

    Cess Paid A/C Dr(50%)

    SHE Cess A/C Paid A/C Dr(50%)

    To Cenvat Clearing A/C

    4) Invoice Verification :-

    GR/IR Clearing A/C Dr

    Cenvat Clearing A/C Dr(BED)(100%)

    Cenvat Clearing A/C Dr(CESS)(100%)

    Cenvat Clearing A/C Dr(SECESS)(100%)

    VAT or CST A/C Dr

    To Vendor A/C

    5) For transferring 50% Credit Later

    Excise Duty Paid A/C Dr(50%)

    Cess Paid A/C Dr(50%)

    SHE Cess A/C Paid A/C Dr(50%)

    To Cenvat On hold A/C

    6) If the asset is posted to AUC and settled to asset then the entry would be:-

    Original Asset A/C Dr

    To Asset Under Construction A/C

    If Depreciation Run Happens then the entry is :-

    Depreciation A/C Dr

    To Depreciation Reserve A/C

    Plz assign points if useful...

    Regards

    Raghavendra.M

    SAP-Practice

    Edited by: Raghavendra Muchukota on Jul 4, 2008 11:24 AM

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