Hello everyone,
Could someone tell me how should I record on QF a company laptop that was stolen after three years since I purchased it? The price the company paid was £650.
Many Thanks
Ximo
Disposal of asset at zero sales value. work out gain/loss on asset and dump in P&L
Sorry, but I’m a bit lost with this since I’m not very familiarized with accounting. Could you confirm that this entry in the journal would be correct?
Cr (0030) Office Equipment, total value
Dr (0031) Office Equipment Depreciation
Dr (3200) Profit and Loss Account, rest of the value not depreciated yet.
Many Thanks