How to use this module
Now, under the accounting menu, in assets an asset for Laptop is created and in the gross value the price is 14000. Which means we are planning to sell it at price 14000.
Here, in the action we can choose sell and the related invoice for the particular asset. Now automatically the Gain Account is shown, this is because the value in our invoice is 12000 and the gross value is 14000. Since, we are selling for more price than purchased, it will be posted in the Gain account.
After posting the entries, it will change the state to close and 2 journal entries are generated, one which we posted manually and automatically created entry after selling.
Here, it will go to the Loss Account and the difference will be recorded in the Loss Account.
Apart, from selling we can also dispose the asset which is no longer required. From action you can select dispose to dispose the asset.
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