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Profit on Disposals

Sage 50 general help forum - Free help and support for all general issues
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spectrum
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Joined: 12 Jun 2008, 10:20

Profit on Disposals

Post by spectrum » 12 Jun 2008, 10:26

Can anyone tell me which NC to post a profit on disposal to. I have been told that it should not be to a 4000 account, but to an 8000 account in the Nominal.

I know profit on disposal is treated as non-trading income, so why not post it to an income account?

thanks
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brucedenney
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Sage Version: v30 UK/Europe/Africa

Post by brucedenney » 13 Jun 2008, 21:29

If the auditor wants to move it, it is a few seconds work for them at year end. So put it where you want to have it.
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