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• # 77006
• Thu 24 Nov 2011 09:15 AM

Hi

(my application for Practise Licence is with the ICB)


Briefly, my client bought 2 new computers as Fixed Assets. Within 2 weeks they were stolen. How would I post this? Cr Fixed Asset with the full amount and Dr??? as a JNL entry. Working in Sage. I'll deal with insurance claim (if there was one when I get to it as currently working on 2009-2010!).


Any and all help appreciated


Sandra         

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• # 77016
• Thu 24 Nov 2011 11:24 AM

An interesting one Sandra. I guess until you know that the insurance claim will go through you have to treat this as a disposal with no sale proceeds so debit Loss on Sale of Asset but this is just me thinking aloud!

• Bruton Young Bookkeeping
  
  

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• # 77115
• Thu 24 Nov 2011 09:38 PM

Hi

Thanks for your thoughts. I think I'm going to have a Fixed Asset Write Off account and show it as a loss/expense as no sign of an insurance claim


Sandra  

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