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
- 2 Answers
- 12167 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What does definition of a chart of account contain?
What are the basic steps to using the fi module?
Describe the reconciliation ledger? : co- cost center accounting
How do you create an asset accounting company code? : fi- asset accounting
How do you manage outgoing partial payment for the vendor in fi?
What is internal and external number ranges? Discuss how they differ in their use?
What is cost based profitability analysis? : cost center accounting
Name any 5 CO tables and How do CO Consultants use the CO tables and other tables?
What is the importance of gr/ir ( good received/ invoice received) clearing account?
1. I want to create an installment method payment term whereby my customer pays 50% as Advance Payment & 50% Net 45 days. How to configure the 50% advance payment term in OBB8 as system does not take negative days say -1 . I have created Z100 as 50% Advance Payment & 50% Net 45 days, Z101 as 50% Adv Pyt and Z102 as 50% Net 45 days in OBB8 and then assigned the same in OBB9 to Z100, 1, 50%, Z101 and Z100, 2, 50%, Z102. But the payment terms Z101 should be having -1 days instead of 0 days. How to configure this or achieve the payment term of advance payment? 2. My purpose is that during FB70, I should get a warning message that advance payment has not yet been received for this customer having this installment payment term Z100. It should not let me post the invoice unless 50% adv pyt has been received. At present we are not using Down Payment functionality. But I assume that without the Down Payment functionality the same cannot be achieved. Please confirm this. How can I achieve the above requirements? 3.Dear Group - Our Purchasing Dept has asked me to create a new payment term with the following terms: "Payable 90% upon delivery, 60 days net, 10% upon acceptance, 60 days net". So when we receive the invoice, we get a 10% discount off the total price, due within 60 days. The balance is due 60 days after that. Any ideas on how I would configure this using transaction OBB8. IT IS VERY URGENT FOR ME KINDLY SEND ME THE ANSWER ON MY E.ID-sahu.suryakanta@hotmail.com.
What is an output variance? : co- cost center accounting
When defining a new ledger in the special purpose ledger, how can you retrospectively populate fi data for a previous fiscal year?
What are non-fixed characteristics or user defined characteristics? : co-pa
Why do you need asset classes? : fi- asset accounting
At the time of sap implementation what are the basic details required by CO guy, SD, MM, and PP guy from a FI guy...?
