I want to record a spare vehicle purchase into the computer program and record the GST purchased on the vehicle. If I set up an Asset account for the spare vehicle what is the correct JE to make to have this on the books?
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I want to record a spare vehicle purchase into the computer program and record the GST purchased on the vehicle. If I set up an Asset account for the spare vehicle what is the correct JE to make to have this on the books?
Debit: asset--auto
Credit: cash
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