Accounting entries for FA to GL Cycles Payables Dr For CIP Assets or Capitalized assets CIP cost clearing/Asset Cost clearing

a/c To Ap liability a/c Ap liability a/c To Bank Clearing a/c Bank Clearing a/c To Bank a/c Assets Asset Cost a/c ( from asset module) xx To CIP cost clearing/Asset Cost clearing a/c Depreciation expense a/c To Accumulated depreciation xx xx xx xx xx xx xx xx xx Cr