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Updated almost 9 years ago,
Feel Like a idiot
I have never feel so out of place, stupid and can't understand the big secret. I have never work with a flip house company. I am trying to post a Journal Enter for the Purchae House and the Sale of House . I thought I had it all figured out but I also thought that when I did the sale of the house the asset account holding the property till after the rehab and the sale would then be zero because that property would be gone. What am I missing here ? Why is a journal entry detailing the proper accounts and whether they are a debit/credit for a purchase and sale of a house such a top secret if I told you I have to kill you information. Maybe this job is just above my head. Sad I have 20 yrs experience just not in this area