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Former Member
Apr 07, 2009 at 08:21 AM

re: reversing and take off the amount from asset

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Hi Experts,

i have an asset of 10,000

and legal fee is added to asset 500.90. so totally the value is 10,500.90

end of the year the auditor told to take away the legal fee from the asset b.sheet-111(recon a/c)

dr gl-123 adjustment(p&l) 500.00

cr gl-111 shoplot(recon) 500.00

so when i am posting ab01 to take off that amount from system says through 190 T/Types the following error coming 'line item causes scrap value of 1.00 to be violated'.

Diagnosis

The book value of the asset is below the the cut-off value in the amount of 1.00000.

Procedure

Check your entries for the amount, transaction type and cut-off value specifications, such as memo value, scrap value or cut-off value percentage rate.

so if anybody face the same error give me your inputs.

thanks in advance,

kk