Accounting for Manual additions

Hi,

Asset clearing account is just a place holder till asset is posted and  its value shall  becomes zero after it an Asset is posted.

A) If I am importing an asset,building, related payable transaction  from AP to FA

In AP its accounting is

Dr to Asset Clearing account

Cr to Payable liability

After running mass additions and posting it in FA its account changes to

Dr to Asset Cost account

Cr to Asset clearing account

The net of Dr and Cr entries for Asset Clearing account becomes zero finally it is Dr to Asset Cost account and Cr to  Payable Liability account and Dr to Depreciation expense and Cr to Accumulated Depreciation