Announcement:
wanna exchange links? contact me at sapchatroom@gmail.com.
Posted by
Admin at
Reply from khan-shakil on Jan 9 at 12:15 AM Dear Chandresh,
You can correct your Fixed Assets Register through the following activities:
For Example,
You are going to correct the 20 Rupees cost of assets.
This assets has accumulated depreciation rupees 5 as to date.
First step:
You delete your assets through ABAON
Entry would be:
Accumulated dep-- 5 Dr
Sales proceeds 20 DR
Assets 20 CR
Gain on Sale 5 CR
Second Step through JV:
CWIP AUC 20 DR
Sales proceeds 20 CR
Your sales proceeds GL would be contra, and the accumulated depreciation amount Rs 5 automatically charged on P&L.
And assets decrease by 20 and CWIP increase by 20.
Thanks
Shakil
| | | ---------------Original Message---------------
From: Rajan Subbaraman
Sent: Friday, January 06, 2012 9:22 AM
Subject: Partially Retire an Asset in Current Year
You should be able to post a post-cap credit entry to reduce the apc. I am
not aware of any legal implications. This would work more like a
revaluation. |
| Reply to this email to post your response. __.____._ |   _.____.__ |
