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-   -   Assets journals (https://www.askmehelpdesk.com/showthread.php?t=319738)

  • Feb 20, 2009, 03:21 AM
    Bramwell
    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
  • Feb 20, 2009, 04:42 PM
    codyman144

    Are you talking about fixed assets or any assets in general? Also by lease do you mean operating or capital?
  • Feb 24, 2009, 11:47 PM
    Bramwell
    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

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