Skip to Content
avatar image
Former Member

Goods issue impact on Fully Depreciated Asset (journal entries)

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?

Add comment
10|10000 characters needed characters exceeded

  • Get RSS Feed

0 Answers