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How to record sale of asset to the company?

edited Nov 11, 2022 11:33PM in Ask A Guru 5 comments

Hi All,

Anyone know how to go about selling some assets back to the company for resale? We are a furniture distributer and we have some bookcases we used in our office we no longer need, so we put them in the clearance section of our showroom.

I need to sell these to ourselves and I need our asset account to go down.

I'm lost.

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