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    CDUNDAS50's Avatar
    CDUNDAS50 Posts: 3, Reputation: 1
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    #1

    Aug 2, 2013, 11:29 AM
    EQUIPMENT is what kind of account ENTRY
    EQUIPMENT is what kind of account ENTRY
    N0help4u's Avatar
    N0help4u Posts: 19,823, Reputation: 2035
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    #2

    Aug 2, 2013, 11:39 AM
    Anything that makes money or could be sold for profit is an asset.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #3

    Aug 2, 2013, 12:09 PM
    You will have a journal entry when you purchase, lease, rent, exchange, sell, donate, or dispose of equipment. Also you will have a journal entry when you sell donate or dispose the equipment, as well as at the end of the accounting period.
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