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Goods issue impact on Fully Depreciated Asset (journal entries)

Feb 26 at 07:14 AM

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Former Member

We have a problem where the user is posting the goods issue to the Asset through a custom transaction. The document number of the goods issue is entered in a custom transaction and the system posts the value of the material to the linked asset.

We have a doubt as what is the right journal entry in this regard for a fully depreciated asset(Net Book value is zero)

The entries as per the user is

PK A/C

75 Asset Account X

70 Asset Account X

The entries we are getting is

75 Asset A/C

40 Offsetting A/C

Could you please help as which is the right entry?

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