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Former Member
Aug 10, 2010 at 08:10 AM

Retire asset by scrap

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Hi

I have 1 asset with value 1000 and Accumulated depreciation 400

When Iam posting asset retirement by scap using ABAVN, it is posting like this

75 Asset account 1000

75 Acc Depreciation 400

40 GL Account 1400

Instead of

75 Asset account 1000

70 Acc Depreciation 400

40 GL accountr 600

Here it is crediting to Acc depreciation account with posting key 75 instead of debiting with 70. Can any one give solution to resolve this.

Thanks

Venkatesh