Hey there Monali,

Thanks for reaching out to us here. Making sure you're recording your transactions properly is an essential step for maintaining clean books. I can provide some information about recording transactions in QuickBooks Online.

I can provide this helpful guide to provide a better understanding of setting up an asset account.  However, to ensure accuracy in your books I recommend reaching out to an accounting professional for expert advice on creating these types of transactions. They'll be able to guide you in choosing the correct transaction type as well as which accounts to affect so that your accounts can end up with the right balance. You can add your accountant to your books by going to the My Accountant tab of your QuickBooks account. You can also find an accountant that has experience using QuickBooks near you by clicking on the Find a pro to help option in that section.

If you have any other questions, feel free to reach out here.