SAP Asset Accounting Entries?

Answer Posted / 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

Is This Answer Correct ?    9 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the standard stages of the sap payment run?

1192


Explain about the tax reports in sap?

809


At the time of sap implementation what are the basic details required by CO guy, SD, MM, and PP guy from a FI guy...?

2120


Can we change price control from S to V in mid of the year, If we can change what is the process steps we will follow from CO end?

1376


What is a company in sap ?

849






What are evaluation groups?

892


What is the table, which contains the details of all the name of the programs and forms?

760


How can you manually clear open items? When? : fi- general ledger accounting

745


iam done billing document in sales order is not cost object the billing entry is not genearated the error is foreign trade data missing

1742


What are the components in financial statement version? : cost center accounting

793


How does validation differ from substitution? : co- cost center accounting

731


Which of the fields you can display and log changes in fi?

844


tell about gaps in u r progject?

2004


Q.what type of issues you are getting and tell me some issues in asset acctng,fi-mm,co?

1580


What items are required in a financial statement version? : fi- general ledger master data

748