Adding Tools/ Equipment

[pbw-electrics]

Hi,

How would i enter tools/ test equipment bought new for buisiness but from a personal capital.
I wish to put them in as an asset but from which account will this be. Will it be from 'Capital Introduced'
Which book do you use to add tools as assets. How do you then work out the depreciation value for next financial year.

Many thanks

Paul

[Quentin Pain]

Yes, use the green books again. The transaction is From Capital To Equipment.

See this Essential Answer for Depreciation:
http://www.accountz.com/baz/bazforum/viewtopic.php?f=8&t=305