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Hi,
I Just wanted to know what is the difference between Fixed Asset Acquisition and Fixed Asset Acquisition Adjustment.
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Hi Venki,
The adjustment can be used to track changes on the initial acquisition. Some reports will show separate columns for these types and possibly you can setup different main accounts to be used per posting type (when required).
Can u please explain with a example plz
Dear Venki,
Transaction type: Acquistion adjustment is used to post additional expenses incurred on Fixed Asset to make it functional.
e.g.
One machine is being purchased and following are the expenses needs to be paid
Machine value 10000
Freight 500
Installation 1200
for Machine Value transaction would be posted with Acquistion Transaction Type
and
other transactions would be posted with Transaction Type Acquisition Adjustment
Thanks Prashanth Got It
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