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Good sold for shares
To Sales
It's an asset under investments
Entries can be based on the general accounting.
Debtors A/c Dr
To Sales
PPE A/c Dr
To Debtors
or PPE a/c Dr
To Sales
Non current assets only fall under held for sale. If you have exchanged shares for PPE or Inventory
Dr. PPE
Cr investments
And
Dr. Investment
Cr. Sales
But what if you really got equity shares in exchange and only fvptl investments are classified as assets? Ill come back soon
And
I'm trying to be accentric here and what if the company gave you a minor stake in exchange for inventory? That falls under consolidation !! In your books, everything is a credit like capital and and inventory. What if that really happens? Since your sale doesn't have significant influence, it's treated as financial instrument.what kind of an instrument is it? Nobody knows! I'm not satisfied as the answers here are vague and just because people don't have a double entry, they used their brains to create new transactions. P
Sorry, I've had fever yesterday and doctor gave me meds.
Dr. Machinery/shares
Cr. Inventory
Not all idle assets can be held for sale. Some assets are used for capital appreciation
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