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
Milosavljevic Sreten replied
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.