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Re: Deletion of asset

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Hi Vineet,

 

1. You have to post negative postings with TTY 101/105 for the asset by AB01/ABSO. Here system will reduce the balance in AA & FI side. Later you have to make adj.entry to asset reconciliation account by ABF1. The entries will be:

 

AB01/ABSO With TTY 101/105

 

Legacy asset clearing A/c Dr

Asset A/c Cr

 

ABF1

 

Asset A/c Dr (posting key 70 - select asset reconciliation account - not require TTY)

Legacy asset clearing A/c Cr

 

The legacy asset GL balance is nullify and your AA & GL will match with above entries.

 

Regards,

Mukthar


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