No need of the Profit/Loss account in asset sale
Hi friends,
When I sale the asset, it would be generated the below entries:
001 01 (0015006599 WIPRO LTD ) 20,000.00 ;
002 50 (0031000040 Sales Of Assets ) 20,000.00-
003 75 (0020000070 001042170010 0000 ) 20,000.00-
004 70 (0012000070 001042170010 0000 ) 2,000.00
005 40 (0031000040 Sales Of Assets ) 20,000.00
006 50 (0033100010 Prof Sale Of F.Asst ; ) 2,000.00-
But, my client wants to no need of the profit/loss of asset accounts.
User expected the below entry.
001 01 (0015006599 WIPRO LTD ) 20,000.00
002 50 (0031000040 Sales Of Assets ) 20,000.00-
003 75 (0020000070 001042170010 0000 ) 20,000.00-
005 40 (0031000040 Sales Of Assets ) 20,000.00
Please suggest the how to change the setting.
Thanks,
Chandra.
Edited by: Chandra on Nov 20, 2010 12:05 PM
Ask your user to follow a course book keeping!!!!
003 75 (0020000070 001042170010 0000 ) 20,000.00-
004 70 (0012000070 001042170010 0000 ) 2,000.00
The net Book value was 18.000
003 75 (0020000070 001042170010 0000 ) 20,000.00-
Now you post 20.000
There is still a net book value from 2.000 on the asset but it is sold!!
In your depreciation key is a period control rule there you found the basis when the depreciation stops for an asset with sales. This is working in combination with asset value date in your posting. (then perhaps the 2.000 depreciation is posted in the comming periods)
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Does the stock account balance show the profit & loss amount?
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Moderator: Please, avoid asking basic questions and don't use CAPITAL letters in titlesNew GL- S_PL0_86000028
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