How to record returned fixed asset [Archive]

View Full Version : How to record returned fixed asset

hasnida

Apr 23, 2010, 08:27 PM

6th july 2009 - cost of 2 unit water filter - 10000
26th aug 2009 - returned 1 unit water filter
How to capture the entry
Thank you
Please reply. [email protected]

ROLCAM

Apr 24, 2010, 04:16 AM

DEBIT Amounts Receivable 5,000
CREDIT Asset Account 5,000

Being 26TH AUG 2009 - RETURNED 1 UNIT WATER FILTER