While posting Asset Scrapping in ASset Accounting. If we get revenue from that

While posting Asset Scrapping in ASset Accounting. If we
get revenue from that ASset Scrap how can we adjust it the
Asset. Becoz the total scrap value is LOSS on ASset scrap.
But in general there will be some revenue when we scrap
asset how to treat it and adjust it

Question Posted / lovely_santu143

2 Answers
13088 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

While posting Asset Scrapping in ASset Accounting. If we get revenue from that ASset Scrap how can..

Answer / ravinder.pathania

Asset Scrapping can be done in two way in SAP. Use T-Code
ABAON for Asset Retirement with revenue and ABAVN for Asset
Retirement without Revenue. Post the invoice of revenue by
using T-code FB70 and route the transection through Asset
contra for GL Leadger Transection. The revenue generated
from scrap is booked in general ledger by F70 and the asset
contra entry is cleared through ABAON transection. Profit
& Loss is also booked while creating entry through ABAON.

Is This Answer Correct ?

3 Yes

2 No

While posting Asset Scrapping in ASset Accounting. If we get revenue from that ASset Scrap how can..

Answer / radhika jadhav

In general while scrapping an asset we get revenue we can
adjust that through T Code ABAV by giving the transaction
type as 210 which gives a tab of sales revenue in that
transaction.

Is This Answer Correct ?

0 Yes

0 No

Post New Answer

More SAP FI-CO (Financial Accounting & Controlling) Interview Questions

What is the indirect allocation method of postings in co? : co- cost center accounting

0 Answers

How did you do Stranded Cost estimate?

0 Answers Accenture,

What is an “asset under construction”?

0 Answers

1. how can see that how much the vendor is owed 2.how do u reverse a MIRO invoice 3. how do u pay vendor in foreign currency

0 Answers CSC,

hi friends depriciation was posted ( tc :afab) we can reverse the already posted depriciation i want Tc Code and process.

4 Answers

in asset account my fiscalyear closed now i want to post one document in last fiscal year then how do we re open fiscal year in asset accounting what is the transaction code?

5 Answers

What is client level and company code level?.

2 Answers TCS,

what is different between company code &controlling area

3 Answers

What does definition of a chart of account contain?

0 Answers

IF BDCs fails in between the process what should be done next. with out effecting the old records which are updated.

1 Answers Infosys,

what is document splitting?

1 Answers HP,

Explain production set-up in fi-aa? : fi- asset accounting

0 Answers

For more SAP FI-CO (Financial Accounting & Controlling) Interview Questions Click Here