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Cost Adjustment - how to clear balance in Asset Clearing Account

edited Jul 7, 2021 4:33PM in Assets 4 comments

Summary

Cost Adjustment - how to clear balance in Asset Clearing Account

Content

When do we a positive cost adjustment and the entry is Asset Cost (DR) Asset Clearing (CR) and now what is the best way to nullify the balance in Asset Clearing Account generated by cost adjustment. Please note the positive cost adjustment is done manullay in FA, it not through AP invoice.

Appreciate your inputs

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