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F1151.05.en-Us 119

The document outlines the process of posting the retirement of an asset and the revenue from its sale in one step, specifically focusing on a company car that was sold. Kevin's colleague has already posted the revenue, and Kevin's task is to record the asset retirement. Instructions are provided for posting an acquisition for the company car with specific details required for the asset master record.

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7 views1 page

F1151.05.en-Us 119

The document outlines the process of posting the retirement of an asset and the revenue from its sale in one step, specifically focusing on a company car that was sold. Kevin's colleague has already posted the revenue, and Kevin's task is to record the asset retirement. Instructions are provided for posting an acquisition for the company car with specific details required for the asset master record.

Uploaded by

harishkumart265
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Unit 2

Exercise 12
Post Retirement With Revenue

Watch the video to see how the retirement of the asset and the revenue from the sale of the
asset can be posted in one step.

Video: Post Retirement With Customer


For more information on Post Retirement With Customer, please view the video
in the lesson Posting Retirements from Fixed Assets in your online course.

Kevin's colleague from Accounts Receivable has posted the revenue so Kevin only needs to
enter the asset retirement.

Simulation: Post Retirement With Revenue


For more information on Post Retirement With Revenue, please view the
simulation in the lesson Posting Retirements from Fixed Assets in your online
course.

Business Example
The company car purchased last year uses the fuel type diesel. The company only wants
electric vehicles in your vehicle fleet.
The company car was sold at the end of September of the current year.
Kevin’s colleague from Accounts Receivable Accounting has posted the revenue (debtor to
revenue from asset sales and tax). Kevin’s task is to record the retirement from the fixed
assets.

1. For your Company Car 2###, post an acquisition for a purchase price of EUR 45,000 (net
price) in the previous year (PY).
Use the asset master record Company Car 2### that you created in the Create the Main
Asset Master Data exercise.
Use the following data:

Field Name Value


General Information
Company Code 1010

Journal Entry Date January 1, PY

Business Transaction Type Acquisition (Net)

Transaction Currency Key EUR

© Copyright. All rights reserved. 111

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