Retire asset by scrap

[Former Member]

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

[Former Member · Accepted solution]

Hi,

First set your COD with OAPL.

Then in OABN, double click on area 01 and make sure that it has selection like Only negative values and zero allowed or not.

If not change accordingly and re do the transaction.

And make sure that your accum dep GL account has all credit entries posted to it during your dep posting runs.

This might fix your issue.

Regards,

Srinu.

[Former Member · Accepted solution]

Hi Srinu

Thanks for solution. My problem is resolved. They have loaded with debit balance to Acc dep account

Thanks

Venkatesh

[Former Member]

Wy you place this message more times (see the rules from the forum)