How to book amount paid for damages to cars rented only?
![]() |
How to book amount paid for damages to cars rented only?
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?
| All times are GMT -7. The time now is 02:38 PM. |