Home For accounting professionals General accounting discussion
Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚


Credit for Fixed Assets

JO pEARSJO pEARS Just JoinedRegistered Posts: 2
I wonder if somebody could help me. We have received a credit for an asset which I have placed on our FAR.
What do I do regarding the depreciation already posted through the accounts?
Obviously I would post the credit note through SAGE.

Comments

  • PGMPGM Font Of All Knowledge Registered Posts: 1,954
    JO pEARS wrote: »
    I wonder if somebody could help me. We have received a credit for an asset which I have placed on our FAR.
    What do I do regarding the depreciation already posted through the accounts?
    Obviously I would post the credit note through SAGE.

    Can you be more specific, what is the credit? Do you mean its been sold?
  • MonsoonMonsoon Font Of All Knowledge FMAAT, AAT Licensed Accountant Posts: 4,071
Sign In or Register to comment.