Fixed Asset not showing on balance sheet?

I created assets manually, the depreciation ran successfully, creating journals in the depreciation account of the balance sheet and the depreciation charge account of the P&L account.

However the acquistion of the asset is not appearing on the asset account of the balance sheet???

Please help.

Rookie Asked on April 23, 2020 in Fixed Asset Management.
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1 Answer(s)

Check the G/L impact on your transaction of the asset. Does it show posting No? It ought to show Posting=Yes

Rookie Answered on May 17, 2021.
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