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What journal entry is created during PO receipt for Fixed Assets? — Cloud Customer Connect
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What journal entry is created during PO receipt for Fixed Assets?

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edited Mar 30, 2021 3:50PM in Assets 1 comment

Summary

What Journal entry is created during PO receipt for Fixed Assets?

Content

Hi Gurus,

Need small information. What  journal entry is created during PO receipt for Fixed Assets? In case of inventory, we know AP accrual will be credited and inventory will be debited, and Ap Accrual gets debited during AP Invoice creattion. How does it work in case of fixed assets? 

 

Thanks in advance.

 

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