Whistlestop
Member
Joined 2 years ago
User Profile
User Widgets
Contributions
Recording an asset write off and asset sale
We are a not for profit community garden. Recently our garden vehicle was written off in an accident. We received a payment from the insurance company after paying the excess. We used the insurance payment to buy a new mulcher for the community garden. We subsequently sold the old mulcher. My questions are: 1. How do I record the write off of the vehicle in MYOB? 2. How do I record the sale of the old mulcher, as it is no longer part of our assets list?1.1KViews0likes1Comment