Fixed Assets - EBS (MOSC)

MOSC Banner

Journal Entry in case of Partial Retirement

edited Apr 30, 2014 12:00PM in Fixed Assets - EBS (MOSC) 2 commentsAnswered

Hi,

It is observed that in case of partial retirement of Asset the Journal entry to the Credit is for full cost and Debits for differential between cost and retired cost.

Although the net effect is same as partial retired cost- but the concern is that due to this there are multiple entries in the asset cost account showing Credit and Debits instead of single Credit


What is the reason for two entries in Asset Cost account code instead of single credit to Asset cost account code



Rgds

Parveen




Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

EBS Fixed Assets Tags

Instructions for posting

×

1. Select a discussion category from the picklist.


2. Enter a title that clearly identifies the subject of your question.


3. In the body, insert detailed information, including Oracle product and version.


Please abide by the Oracle Community guidelines and refrain from posting any customer or personally identifiable information (PI/CI).


Cloud / Fusion customers - Our Cloud community has moved! Please go to Cloud Customer Connect .


New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center