Fixed Assets - EBS (MOSC)

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CIP assets addition mix of manual and Mass

edited Nov 30, 2010 1:30AM in Fixed Assets - EBS (MOSC) 1 commentAnswered
 There is an equipment , before capitalising the same , several components and services are required.

For some of them PO is raised, for some direct cash is paid and booked in GL. All these things are to be capitalised under one asset on one date placed in service.

What are the steps to book them under single asset. Considering all parts coming from PO to AP to FA, AP to FA, direct GL. How to track and how to capitalise. What are the journal entries?

Thanks in advance

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