Asset material.

[Former Member]

Dear expert, I know it's a very silly question to ask but i have a doubt.When material is booking to asset or cost center unrestricted stock is zero despite of good receipt but it is ok for stock material.Same is the scenario for quality inspection.When quality inspection is done for stock material accepted quantity is updated but not for asset or cost center material.

Pls help me regarding this query?

[kailas_ugale · Accepted solution]

Hi,

not sure but for asset or direct consumption when we use account assignment category in po its consumption material

so it will not see in MMBE but you can see it in material master in additinal tab in consumption tab

Regards

Kailas Ugale

[Former Member]

Thank you all for your valuable answer.

[Former Member]

Thanks you all for your response.That means unless and until inventory account hit stock will be updated.

Regards

Tanmoy_mm.

[Former Member]

Thank you all for your response.That means unless and until stock account hit stock will not be updated.

Regards

Tanmoy_mm.

[former_member187989]

Account assignment like 'K' will generally used for non stock materials in p.o,it will be receipted & consumed immediately on

goods receipt & in accounting side expense a/c Dr to gr ir clearing & similarly 'A' will be used for assets in p.o & it will be

receipted & consumed immediately on goods receipt,here asset a/c Dr to gr/ir clearing a/c

Coming to your question,for assets you need to do manual inspection before goods receipting it.

[BijayKumarBarik]

Hi,

Asset PO cretaed with Account Assignment Category " A" with all details with asset number.When you do GR, the cost incurred is directly charged to ASSET ACCOUNT, not to invetory account of material & the accounting entries after GR are:

Asset A/C: Dr

GR/IR Clearing(Asset): Cr

&

After IR, the accounting entries are:

GR/IR Clearing(Asset): Dr

Vendor A/C: Cr

Regards,

Biju K