RE:[sap-acct] Problem in asset posting

Posted by srinibas_sahu
on Jul 4 at 1:07 AM
Hi Vidya Dhar,

Thanks for your reply. The purpose of adjusting an asset against an expense is :
As per accounting standard 11, we have to make provision for foreign fluctuation.

suppose on 1.12.2010 asset purchased from A : 5000 USD @ 45
Then on 31.03.2011 the rate is for 1 USD 45.50
So there is a loss of 0.50*5000= 2500
for this we are creating a provision entry as

asset account dr 2500
to A a/c 2500

This is my doubt how to make this entry
Moreover one more scenario is there as

suppose i made a wrong entry as

forex fluctuation account dr

to A A/C

So in this case i want to do a rectification entry as

Asset account dr

to forex fluctuation account

so that ultimately i will get my result.

Please suggest how to overcome the situation.

Thanks and Regards,
Srinivas

---------------Original Message---------------
From: Vidhya Dhar
Sent: Sunday, July 03, 2011 11:05 AM
Subject: Problem in asset posting

Hi

May I know the purpose of your adusting an asset against an expense?

Unless the context of your action in terms of business process is well
known, it may not be really a wise idea to offer a solution.

Regards

VidhyaDhar

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