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Status Answered
Created by AgExpert Support
Created on Nov 2, 2018

Disqus Agexpert Accounting Questions Archive

Wondering if you have a sample transaction for Land Sale or tips to enter properly

thank you

  • ADMIN RESPONSE
    Feb 10, 2025

    Hi KKH, we dont have a sample transaction as it always differs for everyone. But all you would do is a deposit to you bank account for the amount you received from the sale. An A- (asset sale) of the land account you are selling and if you collected any taxes on that sale. You would also have a variety of different expense accounts you would use as well. If you would like we could walk through one that you have through the phone. Hope this helps !

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