Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Capital Assets (https://www.askmehelpdesk.com/showthread.php?t=188243)

  • Feb 25, 2008, 05:02 PM
    Vsf
    Capital Assets
    What would the journal entry be when you purchase a capital asset and payment has not yet been made?
  • Feb 26, 2008, 10:57 AM
    MaggieMouse
    If it carries a note then dr. asset, cr. Notes payable, depends on what the collaterals are.

    • All times are GMT -7. The time now is 07:02 AM.