Dear All,
I am trying to post revaluation entry but system post depreciation to both depreciation area 01-Book Dep Area, 20- Revaluation Dep Area.
| Revaluation of asset on 1st April, 2011 by ₹ 1,000 | |
(Dep Area 20) 1 | Entry for Revaluation |
| Asset A/c (at Gross Block) Dr. 1000 | |
| To Revaluation Reserve A/c Cr. 1000 | |
| (Dep Area 20 & 01) 2 | Entry for Depreciation |
| Depreciation A/c Dr. 500 | |
| Revaluation Reserve A/c Dr. 250 | |
| To Accumulated Depreciation A/c Cr. 750 |
Second entry may be split as well (both way it will do)
(dep area 01)
Depreciation A/c Dr. 500
to Accumulated Depreciation 500
(dep area 20)
Revaluation Reserve A/c Dr. 250
to Accumulated Depreciation 250
But system posting as much depreciation in 20 (750) as in dep area 01-Bokk Depreciation). I want to post depreciation revalued value only in dep area 20.
Please help in reaching this solution.
Best Regards
Ruksana Khan