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Former Member

asset accounting issue

Hi Team,

customer has created one asset thorough Purchase order:0000123, depreictaion has been setrup by based on the useful life 3 years. he was purchased on 01.06.2010 amount is 100000 and depreciation has been posted 20,000 till the date of 21.04.2011.

he has done credit note 100000 instead of 80000rs. system its caculating depreciation value as postive amounts only. Now the customer is tring to make the value of asset 0. please tell me how we can do.

asset acquistion entry: Depreciation entry: (month) credit note:

70 Asset g/l 100000 depreciation a/c 3824 dr GR/IR (86) 100000

96 GR/IR 100000 asset g/l 3824 Asset G/l 100000

please tell me how to make the zero vales.

Reg

URS

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  • Posted on Aug 22, 2011 at 03:43 PM

    Hi,

    if the defecation shoudl be zero you can insert depreciation key "0000" and make a recalculation if values.

    If the asset should have NBV zero, you van use tr. ABAVN,

    regards Bernhard

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