Interested to Buy Any Domain ? << Click Here >> for more details...
What is the Process of Fixed Asset From Inducation to
Disposal & what are the journal entry in GL , AP AND IN
OTHER MODULES
- 1 Answers
- 3798 Views
- Ramco, I also Faced
- E-Mail Answers
Answer Posted / tgs100
Here are the steps
1. Create a Purchase Order. Distribution line will have asset clearing account (defined in item master). No Accounting entries
2. Receipt of the Asset: Asset clearing account - Dr and Accrual A/C - Cr
3. Create Invoice and match with PO/Receipt: Accrual A/C - Dr and Liability A/C-Cr
Make sure that Track as asset flag is enabled and accounting entries are created and transferred to GL
4. Run "Mass additions create" program. This program transfers the invoice distributions to fixed assets module
5. Prepare mass additions - Here change the status of the line to POST and then add the details like category, location, asset key, etc.
6. Run post mass additions - This will create assets in asset master.
7. Run depreciation. Accounting entries are created for Asset addition, Depreciation, etc and transferred to GL.
Asset addition
============
Asset Cost - Dr
Asset Clearing - Cr
Depreciation
===========
Depreciation expense - Dr
Accumulated Depreciation - Cr
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What do you mean by controlling buyers workload?
What is multi org? What is difference between 11i and 12i multi org structure?
Charge Back Setups ?
Hi I'm new in ERP - Oracle Application i appriciate if any one help me in this issue i need SQL to get badeget balance Acutal Balance Encumbrance Balance fund Avalable thanx ahmed
Explain about Localization (IND & US ) in Oracle Apps ?
In Subinventories Form, how to enable the Locator Control. A message displayed when changing the drop down list "FRM-40200: Field is protected against update.
How do u bridge the gaps in functional understanding of AP,GL,FA. explain with some live examples.
How do you adjust receivables?
I am created credit memo in at but while trying to complete it showing error message-hz_party_location
Invoice Approval Process?
What is gap analysis, how do you defined. What are the pre-requisities?
what is the difference between before pages trigger and after parameter trigger in reports ?
Can I do a payment of 50 bills on a post date. If yes, then how?
Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?
What kind of budgets have you worked on?
