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Bramwell
Feb 20, 2009, 03:21 AM
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
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
Feb 24, 2009, 11:47 PM
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