Re: Example of depreciation transactions?

[Tony Fraser <..hidden..>]

On Mon, 2006-11-13 at 13:30 +0000, Ed W wrote:
> > My understanind is like this:
> >
> >                               Debit            Credit
> >   Purchase a $3oo printer:
> > Office Equipment                300.00
> > Bank Account                                      300.00
> >   
> 
> I assume that "Office Equipment" is your asset account in this
> example?  
> I only confirm that detail because it was something like the name I
> was 
> using for my expense account in the first example?

Yes, Office Equipment would be an asset account.

-- 
Tony Fraser
..hidden..
Sybaspace Internet Solutions                        System Administrator
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