What journal entry do I make to record the value of fixed assets acquired months ago?
![]() |
What journal entry do I make to record the value of fixed assets acquired months ago?
Dr. Fixed Asset, Cr. Cash/Notes Payable, depends on the nature of payment.
Also, you need to record the depreciation for the months that you used them. Dr. Depreciation expense Cr. Accumulated depreciation.
All times are GMT -7. The time now is 12:26 PM. |