Asset sales can be done either through SD/FI.
If you follow SD route, you can adopt the normal OR-LF-F2 process. The only thing you have to take into consideration is that Duty and Tax parts.
It is enough if you raise invoice with duty what you already paid at the time of purchase, and not on the date of sale but tax you have to pay the current percentage.
To give you an idea, the following are the Sale of Assets thru SAP SD module that was done in my company:-
1) First Asset Retirement Without Customer must be done (ABAON)
- Sale of Asset A/C Dr (Sale Value Of Asset)
- Dep Reserve A/C Dr (Accumulated Dep)
- Loss On Sale Of Asset A/C Dr (If Loss)
- To Profit On Sale Of Asset A/C (If Profit)
- To Asset A/C (Acquisition Value)
3) Raise a sales Order
4) Do the Outbound Delivery
- Asset Code A/C Dr
- To COGS A/C
- Customer A/C Dr
- To Sale Of Asset A/C (This is Knocking of W/R to First Entry)
- To Cenvat Suspense A/C (BED)
- To Cenvat Suspense A/C( CESS)
- To Cenvat Suspense A/C (SECESS)
- To VAT Or CST A/C
- Cenvat Suspense A/C Dr
- ED Payable A/C Cr
- Cess Payable A/C Cr
- SHECess Payable A/C Cr
- Customer A/C Dr
- Dep Reserve A/C Dr
- Sale Of Asset A/C Dr
- Loss On Sale Of Asset A/C (If Loss)
- To Profit on Sale Of Asset (If Profit)
- To Sale Of Asset A/C
- To VAT Collection A/C
- To Asset A/C (Cr with asset acq.val)
