Hi,
Can anyone tell me wat are all the entires that appears in fixed asset?
fixed assets
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- Posts: 18
- Joined: Thu Jul 19, 2007 1:07 am
- Location: India
Hi Mr. Karthik
Oracle Assets Accounts
Oracle Assets creates journal entries for the following general ledger accounts:
? Accumulated Depreciation
? Asset Clearing
? Asset Cost
? Bonus Expense
? Bonus Reserve
? CIP Clearing
? CIP Cost
? Cost of Removal Gain, Loss, and Clearing
? Deferred Accumulated Depreciation
? Deferred Depreciation Expense
? Depreciation Adjustment
? Depreciation Expense
? Intercompany Payables
? Intercompany Receivables
? Net Book Value Retired Gain and Loss
? Proceeds of Sale Gain, Loss, and Clearing
? Revaluation Amortization
? Revaluation Reserve
? Revaluation Reserve Retired Gain and Loss
Regards,
Surya
Oracle Assets Accounts
Oracle Assets creates journal entries for the following general ledger accounts:
? Accumulated Depreciation
? Asset Clearing
? Asset Cost
? Bonus Expense
? Bonus Reserve
? CIP Clearing
? CIP Cost
? Cost of Removal Gain, Loss, and Clearing
? Deferred Accumulated Depreciation
? Deferred Depreciation Expense
? Depreciation Adjustment
? Depreciation Expense
? Intercompany Payables
? Intercompany Receivables
? Net Book Value Retired Gain and Loss
? Proceeds of Sale Gain, Loss, and Clearing
? Revaluation Amortization
? Revaluation Reserve
? Revaluation Reserve Retired Gain and Loss
Regards,
Surya
<font color="blue"><font face="Verdana">Hi,
Fixed Assets Retirements Accounting Entries are given below
Asset Cost CR
Accumulated Depreciation DR
Net Book Value Retired Gain DR
Proceeds of Sale Clearing DR
Proceeds of Sale Gain CR
Cost of Removal Clearing CR
Cost of Removal Gain DR
Revaluation Reserve DR
Revaluation Reserve Retired Gain CR
For prior period retirements -
Depreciation Expense CR
Accumulated Depreciation DR</font id="Verdana"></font id="blue">
Fixed Assets Retirements Accounting Entries are given below
Asset Cost CR
Accumulated Depreciation DR
Net Book Value Retired Gain DR
Proceeds of Sale Clearing DR
Proceeds of Sale Gain CR
Cost of Removal Clearing CR
Cost of Removal Gain DR
Revaluation Reserve DR
Revaluation Reserve Retired Gain CR
For prior period retirements -
Depreciation Expense CR
Accumulated Depreciation DR</font id="Verdana"></font id="blue">
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