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a month ago
I need assistance recording a Fixed Asset purchase transaction in MYOB Essential.
Background of the transaction:
1- Commercial Real Estate purchase (inclusive of GST)
2- Property purchase plus over head were funded by a Bank loan (60%) and company cash (40%)
1- What's the correct way to record adquired RE asset?
2- What's the correct way to record the Bank loan liability?
3-What's the correct way to record the GST paid on RE purchase?
4- What's the correct way to record associated depreciation account agains RE asset?