Fixed Assets Sales Entry Rectification

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Posted on by subrata.bauri

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Dear Sir,

A client has sold out Fixed Assets in wrong Amount (Unit Price) & now they want to rectify the same.
How to rectify the same.

Please reply.

Thanks,
Subrata

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subhashis Das 579 on at

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RE: Fixed Assets Sales Entry Rectification

Hi
You can follow below steps :

1. Raise the Credit Memo to knock off the sales Invoice . (Allow Correction of Disposal setup must be Yes in Dep. book)
2. Cancel the FA ledger entry for that Disposal .
3. Raise the Invoice again with correct Unit Price

Regards
Subhashis

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ManishS 86 on at

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RE: Fixed Assets Sales Entry Rectification

This might help manishsharmadynamicsnav.wordpress.com/.../fixed-assets

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subrata.bauri 1,144 on at

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RE: Fixed Assets Sales Entry Rectification

Thanks to all.

I have found the solution from Modris Ivans's post on the same day.

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