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Gain/Loss on Sale of Livestock

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September 14, 2012 10:35AM
I have all my sales of livestock entries corrected for last year according to what the tax accountant gave me for depreciation. My assets and my depreciation expense account are correct. However, it appears that the Gain/Loss is not posting to the actual Gain/Loss on Sale of Fixed Asset Account. It appears that it is posting to the Beg vs End Breeding Cattle Expense account.

Is it OK to make a manual journal entry between the Beg vs. End Breeding Cattle Expense Account and the Gain/Loss on Sale of Fixed Asset account so my financial statements match the tax statements?

Thank you for your help.
SubjectAuthorPosted

Gain/Loss on Sale of Livestock

ChristaSeptember 14, 2012 10:35AM

Re: Gain/Loss on Sale of Livestock

KathyClineSeptember 14, 2012 12:42PM



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