Ask Experts Questions for FREE Help !
Ask
    Bramwell's Avatar
    Bramwell Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Feb 20, 2009, 03:21 AM
    Assets journals
    Please tell me how to write the journal entries for the following:

    Assets:
    Bought for cash
    Bought on HP
    Leased
    Sold at a profit
    Sold at a loss
    Asset was stoln
    VAT implications on all tha abve

    Sorry I have so many questions, but over time I have received hundreds of differing answers.

    Regards

    Bramwell
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
    Senior Member
    		  
    #2

    Feb 20, 2009, 04:42 PM

    Are you talking about fixed assets or any assets in general? Also by lease do you mean operating or capital?
    Bramwell's Avatar
    Bramwell Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Feb 24, 2009, 11:47 PM
    Assets codyman144
    Hi Codyman144

    My system will not let me respond to you.
    I mean fixed assets and both types of leases.
    Hope you can help.

    Regards

    Bramwell
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Preparing general journals and posting journals to general ledgers [ 7 Answers ]

I am having trouble in preparing general journal entries and posting journals to general ledgers if anyone could give me advice or some tips that would be great

Is patents ( Intangible assets) added in total assets on balance sheet [ 2 Answers ]

Is the patents (Intangible assest)amount added to the current assets amount on a balance sheet. Help Thanks

Journals Entries [ 1 Answers ]

Received a check in the amount of $8,560

General journals [ 3 Answers ]

P5-9A. At the beginning of the current season on April 1, the ledger of Fairway Pro Shop showed Cash $2,500; Merchandise Inventory $3,500; and Common Stock $6,000. These transactions occurred during April 2007. Apr. 5 Purchased golf bags, clubs, and balls on account from Kokott Co....

View more questions Search