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

Are you talking about fixed assets or any assets in general? Also by lease do you mean operating or capital?

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