We’ve got a fixed asset purchased for 992.17 in December 2013. We received a partial refund of 143.80 for a faulty component of the asset in May 2014.
I created a credit note and associated it with the original purchase order and current account refund transaction.
I need to “fix” the value of the asset in the Office Equipment account, but I don’t know (and can’t find) what nominal account entries the credit note has created automatically, so I’m not sure where the fixed asset credit should be balanced from.
What account entries do I need to put in a journal for this, can anyone help?