Recording money from equipement sold

Hi

I have to items that I am not sure how to correctly allocate. I have (had) two business.

Business A originally bought a till and printer and then subsequently shut down.

Till and printer sold via Ebay 3 years later and funds deposited into Business B paypal account.

How would I handle this ?

Posted by Adrian Beadell on Sep 2, 2010 8:50 PM BST

Hi Adrian,

I would just record that as an injection of funds into the business. Record a General Transaction from an equity account (eg. 'Owners Capital' if self-employed) to the Cheque Account.

Regards,

Posted by Mark McLaren (Solar Accounts) on Sep 3, 2010 9:54 AM BST