ContributionsMost RecentMost LikesSolutionsRe: Capital Purchases and Finance in AccountRight Hi I am new and have been asked by the accountant to enter a general journal entry for the purchase and sale of a mv. The client purchased the mv in 2000 privately no gst. He sold it in 2012 for 2000 no gst. I have set up an at cost MV account 1 - 2211. Also what date should it be recorded as i am doing paperwork from 2011 onwards. All help appreciated. Cheers Tam