Answer / krishna

For Asset Purchase
DR Asset
CR Vendor

For Depreciation posting
DR Depreciation
CR Accumulated Depriciation

For Asset Sale
DR Asset Sale
DR Accumulated Depriciation
CR Asset a/c

For Asset Sale with out Customer
DR Sale of Asset
DR Accumulated Depreciation
CR Gain on Asset Sale
CR Asst A/c

For Asset Sale with customer
DR Customer
DR Accumulated Depreciation
DR Asset SAle
CR Asset Sale
CR Asset A/c
CR Gain on Asset Sale

For Asset Transfer one asset to another asset
DR New Asset
DR Accumulated depreciation
CR Old Asset
CR Depreciation Revenue

Answer / allauddin shaik

asset purchases entries

asset master dr
to vendor account

asset sales entries

01 cusmer act dr
50 sale of asset cr
70 acc deprisiation dr
75 asset master cr
40 sale of asset dr
50 profit of asset cr

Re: i am getting error that"there is no item category assigned to account no(any account no)company while save the entries in gernal ledger, i able to simulate the entries but not to saved, i am using 6.0ecc version. so some one gave answer that"you activated document splitting for that u have to assign the item category for that g/l other wise u can deactivate in document splitting as per co code level".so please any one tell me the path or method to how to deactivate document splitting as per co code level so some one gave these path "hey u can get the path in general ledger accounting >>document splitting>>>here u can get the path for deactivate document splitting per co code level" but i unable to get the path, please any one tell me total path of document splitting deactivating per company code level.

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