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What is Cost Adjustment in FA
Posted: Sat Nov 07, 2009 3:24 am
by mm_abbas
at what point in FA we give the status of cost adjustment???
Regards
Mazahir Abbas[:)]
Posted: Sat Nov 07, 2009 11:24 am
by tgs100
Are you talking of 'cost adjustment' status in mass additions?
Cheers,
Saravanan
Posted: Sun Nov 08, 2009 8:02 am
by mm_abbas
yes, I am talking about in Mass addition in FA
Posted: Sun Nov 08, 2009 2:48 pm
by tgs100
This is used when you add the extra costs incurred to the existing asset. For example, you import an asset worth USD 5000 from supplier X1. There are other expenses like Insurance, customs clearance, Inspection, installation, etc. Different vendors are involved to bring the asset to the company and complete the instalation.
First you will add the asset with asset cost as USD 5000. Then when you get the invoice for other expenses, these costs should be added to the same asset using 'Cost Adjustment'.
Cheers,
Saravanan