AO90 define acquisition/retirement account question

Hi All,
1) may i know what is the use of "Contra account: Acquisition value" in acquisition account assignment.
2) may i know what is the use of "Clearing acct revenue from asset sale" in retirement account assignment
thanks

Hello
You would use "Contra account: Acquisition value" in transaction ABZON. That is contra account for an asset acquisition posting, provided the posting was not an integrated posting with Financial Accounting.
Clearing acct revenue from asset sale
The system uses this account to clear the net revenue (without sales tax) which results from asset sales.
The offsetting account for this clearing account is the "revenue from asset sale" account that you enter during the retirement posting (debit customer, credit revenue). The system uses this revenue/revenue clearing posting with its zero balance to internally determine gain/loss without sales tax.
Note
You should be aware that this account is not a balance sheet account. Rather, it has to be an income statement account, just as the revenue account is. You should not define either the revenue account or the revenue clearing account as cost elements, since the revenue and revenue clearing postings are not relevant to management accounting. It is possible for the two accounts to be identical. If they are not identical, then they have to at least flow into the same income statement item.

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