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sistaine_ann
Oct 8, 2008, 05:43 AM
how to book amount paid for damages to cars rented only?
JudyKayTee
Oct 8, 2008, 07:33 AM
how to book amount paid for damages to cars rented only?


I don't understand the question - could you rephrase it?
sistaine_ann
Oct 9, 2008, 07:22 AM
I don't understand the question - could you rephrase it?


our company rents a car. then i would enter it as rent expense in the books. now the car we rented got a damage w/c we paid in addition to the rent. so my question is how should i record the amount paid for the damage? will it be part of the rent expense or should i record it under repairs and maintenance-vehicle expense?