Contra account :Acqusition Value

[pranav_gupata]

Hi Expert,

i have one doubt , while AO90 asset GL assignment where there is one filed i.e Contra account : Acquisition Value . :________ : what is use of this field which type of Business transaction for the same field to give GL Account .

kindly explain with accounting entry as well.

kindly help me.

Kind regards

Pranav

[former_member198650 · Accepted solution]

Here we have to provide off setting account i.e.GR/IR clearing or any interim account for asset acquisition or credit memo posting with out vendor posting. The scenario is similar to asset sale with out customer. 

There is a situation where we want to post acquisition with out any vendor. That time system will default the above GL for the transaction. 

For example if we want to post asset acquisition with out vendor, we use T.code AB01 and provide transaction type as '100' along with dates. After press enter system will default the above GL, which has maintained in contra account in the screen, in change mode. If you simulate the transaction, system will display the below entry:

Asset A/c Dr

GR/IR Clearing A/c

Similarly for credit memo i.e.ABGL with transaction type 105. Later we have to set off this GR/IR account with vendor.

Regards,

Mukthar

[changlin_ke]

So what account should we fill in the blank "Contra account: Acquisition value:" ？

[jamal_haider]

Current Liability GL