Tax Entry – Sale of Fixed Asset In Excel Worksheet

We will enter a tax entry into our adjusting entry and tax entry Excel worksheet related to the sale of a fixed assets.
Before entering the tax entry we will reverse the adjusting entry into our Excel worksheet. We may be tempted to just enter one entry for the tax adjustment but it is usually easier to reverse the adjusting entry and build the tax entry from the round up.
For more accounting and tax information see accounting website
http://accountinginstruction.info/

 

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