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Re: Rectification for asset acquired thru manual JV

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One more point I missed related to dep posted in 2014 manually  till March 2014

 

When you do afab , system will post dep  in FI books I.e. Dep  of Jan-Apr will be posted in Apr..

 

You need to also reverse the dep  you posted manually in 2014

 

Accum dep  Dr. 50000*3/12 = 12500

Depreciation Cr. 12500

 

Br. Ajay M


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