I have posted a depreciation in revaluation depreciation area. Entry passed was:
Depreciation on Revaluation A/c... Dr Rs. 1000 (P/L expense A/c)
To Accumulated Depreciation A/c Rs. 1000 (Balance sheet liabilities)
As per indian accounting standard, the depreciation on revaluation should not hit PL - expenses.
It should be debited to revaluation reserve which was credited at the time of creating revaluation.
In AO90, I am unable to specify balance sheet account in "Expense account for ordinary depreciation."
I am using "Expense account for ordinary depreciation" since SAP picks this field for depreciation posting.
Let me know how to transfer the depreciation amount in revaluation reserve