Intercompany receivable accounts include additional charges in transfer assets from book to another — Cloud Customer Connect
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Intercompany receivable accounts include additional charges in transfer assets from book to another

in Assets 2 comments

Summary:

As per oracle user guide 25 B transfer assets from another book to another

“During the transaction process, you can record additional charges such as removal costs, freight charges, non-recoverable taxes, and miscellaneous fees. All charges except removal costs are capitalized in the destination asset and are included in the intercompany Receivables amount, which the receiving entity owes.”

I have performed the similar type of transaction. I noticed that Additional charges are included in Destination asset cost. It means that Intercompany payables have balance amount (asset cost- accumulated depreciation). It means that Additional charges are included in intercompany payables account.

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