UK Sage: Sale of Office Equipment

Joined
Nov 23, 2011
Messages
8
Reaction score
0
Hi,

I set up a company about 6 months ago and bought some office equipment which includes a computer which is collecting dust.

When I purchased it, I entered in the purchase as N/C for office equipment (non depreciable).

When I sell it again, I probably won't make a profit on it, but more a loss.

What is the best way to deal with the N/C when I make this sale?

Am I right in saying:

Transfer from Office Equip into Stock on Hand then sell?

Thanks

Adrian
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

Forum statistics

Threads
11,629
Messages
27,572
Members
21,370
Latest member
BoltonPlumbing

Latest Threads

Top