In F-92 , I am also getting this -
50 sales fixed asset
70 ACc. Depreciation
40 Clearing acct. revenue from asset sale
40/50 Gain/Loss from asset sale
But how this pk 40 for Clearing acct. revenue from asset sale gets cleared? Thanks
That amount is cleared against 50 sales fixed asset posting.
01 - value that customer has to pay for asset
50 - the same amount on revenue clearing account
75 - for asset acquisition value
70 - depreciation
40 - clearing of revenue clearing account
40/50 real effect of asset sale (difference between (acqisition value - depreciation) and sales value.