How to record asset donation

[Njimgye Tekumafor, Gabriel GIZ CM]

Hello,

As a local organization, we also received an asset donation, we have the market value of this asset, how do we record it in our books?

Thanks

From: Njimgye Tekumafor, Gabriel GIZ CM
Sent: Thursday, January 09, 2014 9:10 AM
To: 'gnucash-user at gnucash.org'
Subject: Cash on the left, whats on the right?

Hello,

Just a quick question about cash, if we use cash to buy all our stuff, the entry account in Current Assets-Cash in Wallet, I just wish to confirm that in the left account (expense, equipment, etc) the column labeled "transfer" has to be Current Assets-Cash. Am I right?

Gabriel
Cameroon
________________________________
Deutsche Gesellschaft fuer Internationale Zusammenarbeit (GIZ) GmbH;
Sitz der Gesellschaft Bonn und Eschborn/Registered offices Bonn and Eschborn, Germany;
Registergericht/Registered at Amtsgericht Bonn, Germany; Eintragungs-Nr./Registration no. HRB 18384 und/and Amtsgericht Frankfurt am Main, Germany; Eintragungs-Nr./Registration no. HRB 12394;
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Vorsitzender des Aufsichtsrats/Chairman of the Supervisory Board: Hans-Juergen Beerfeltz, Staatssekretaer/State Secretary;
Vorstand/Management Board: Tanja Goenner (Vorstandssprecherin/Chair of the Management Board), Dr. Christoph Beier (Stellv. Vorstandssprecher/Vice-Chair of the Management Board), Dr. Hans-Joachim Preuss, Cornelia Richter