Duplicate Posting - Asset Acquisition

[narendra_bhat2]

Hi Gurus

We are on 4.7 in a Production Environment.

In fiscal year 2007 we had acquired 150 assets. During that time, we had wrongly posted acquisition twice for all the 150 assets. We have already closed the fiscal years for 2007 & 2008. Our company then went through a corporate split & we were existing as a separate legal entity from fiscal year 2008 beginning. During the beginning of the year, we uploaded the assets using transaction AS91 & also uploaded the GL balances. Now, we have found out about the duplicate posting. Our management wants to reverse the duplicate entries as on 31st March 2008 without disturbing the balances of the previous years.

Pls advise how to achieve this. Also, what accounting entries will be passed in this case.

Regards

[Former Member]

Hi,

Go to AS91, Give your asset no, click on take over values , change the values to zero, save the asset.

reverse the gl postings as usual.

rajeswari

[Former Member]

Hi

To Reverse the Duplicate Entries posted use the Transaction ABSO - Miscellaneous and give the transaction type 160 and give one adjustment account.

Regards

Venkat