What are the GL Entries that occur in Asset Accounting? Sales of asset purchase of asset, scraping of asset, Deprecation posting, transfer of an asset.To create a new asset, navigate to Accounting → Financial Accounting → Fixed Assets → Asset → Create → Asset or use Transaction code AS01. Double click on the Field status group then choose Asset accounting group. Direct posting to an asset account use transaction OASV to do the journal. The Document type is AA (Asset posting). Asset Sale with Customer. 1.1. Creation of Asset Master: SAP T-code. AS01. Process.