Last year they want to show high profit so they reduced their depreciation and brought in to this year as Accumulated depreciation. This accumulated depreciation effect should come in FI and Asset run both. Accumulated depreciation a/c dr. to Dep. account cr. This accumulated depreciation is reconciliation account so we can't pass any direct entries. Or i can transfer through OASV that also not working
i am so confused please help me in this.Advice me if you know the correct possible way to solve this issue.
Edited by: jaya sa on Oct 23, 2010 9:04 PM