Current Year Acquisition of Asset

[Former Member]

Hello Team,

I have a doubt, I had posted, Posted Depreciation & Acquition amount under transaction tabwhile uploading current year qcquisition through AS91 .

For example the acquition was 1,00,000 & the depreciation was 30,000.  What was the accounting entry has to pass.  Moreover is it only F-02 is any other way to post this accountig entry.

Best Regards

Raj

[former_member198650]

Hi Raja Shekar,

At the time of asset uploading, you have to post the transactions by t.code.OASV. Before the posting, you have to reset the reconciliation account in OAK5. After that you have to pass below entry in OASV. After posting you have to again reset the recon.account in OAK5.

The entry will be:

Asset A/c Dr  100000

Accumulated depreciation Cr  30000

Legacy data clearing A/c Cr 70000

Regards,

Mukthar

[former_member220526]

Hi Mukhtar,

Your posts has been of great help. Can you please explain the entry for current year acquisitions too?

[Former Member]

Hi,

According to me the current year depreciation would be posted through T-Code F-02 or FB01 only and the entry would be normal depreciation entry i.e.:

Depreciation GL A/C Dr              30000

   To Acc. Depreciation GL Cr         30000

Regards,

Malhar.