How to account for capital gains

[Juicy Guava]

Hi there, i'm a book keeper and my boss is selling a rental property (set up in LTC) after 15 years so it will include a large capital gain that he plans to withdraw for his personal use. Firstly how do I enter the capital gain in MYOB, and then how is the withdrawal of the money also coded?

[donna]

Speak to a property accountant like GRA