ASSET SALE
Path :Accounting –financial Accounting –Fixed assets –Posting –Retirement –Retirement with revenue –with customer (F-92)
Give the document date & Posting date :01.05.2008
Type :DR
Company code :AML
Posting key :01
Account no. :6600001
Enter
Ignore the message press enter
Give the amount :501000
Business area :AMLH
Text :Asses sale
Posting key :50
Account no. :300102 Asset sale
Enter
Amount :*
Business area :AMLH
Text :+
Select asset retirement check box
From the menu select document –Simulate
Enter
Asset no. :200001
Sub number :0
Transaction type :210 comes by default
(210 stand for retirement with revenue)
Give the asset value (Capitalization date):01.05.2008
Select complete retirement check box
Enter
Contra
01 Customer 501000
70 Account Dep P & M 200001-0 890
40 Asset Sale 501000
75 Plant & Machinery 2000001-0 500000
50 Profit on asset sale 1890
01 Customer 501000
50 P & M 501000
We get a message correct the marked line item.
Double click on blue font line item
Select display document overview button
Asset sale on 20.05.2008 Sale 2000001-0 Machine
01 Customer 501000 Acquisition value 500000
70 Acc Dept P & M 1500 Acc Dep up to 19.05.2008 1500
2000001-0 ----------
Net book value 19.05.2008 4985000
40 Asset sale 501000
50 Asset sale 501000
75 Plant & Machinery 500000 Asset sale on 20.05.2008 501000
2000001-0 CONTRA ----------
50 Profit on asset sale 2500 profit on asset sale 25000
Depreciation A/c Accumulated Depreciation account
3014 890 DR 2015 1500 3014 890
3115 610 DR 3115 610
(Dep up to 19/05/2008)
