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

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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.

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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.

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