Fixed Assets - EBS (MOSC)

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sale of asset.

edited Jan 1, 2018 4:07AM in Fixed Assets - EBS (MOSC) 5 commentsAnswered ✓

Hello,

there is a an asset value of $10000,( depr flag is unchecked) and life is 25 years

we sold this asset in $4000

after that we run gain and loss program., and create accounting., the below entry we can see in create accounting.

asset clearing account dr $4000

to sale of asset account cr $4000

acc. asset depr account dr $10000

to asset cost account cr $10000

my concern that what abouut the lost of $6000, for that we need to pass manually entry?

and what would be the entry?

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