Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Vehicle Purchase (https://www.askmehelpdesk.com/showthread.php?t=316994)

  • Feb 13, 2009, 01:48 PM
    fpalmer
    Vehicle Purchase
    How do I account for the purchase and financing of a vehicle over five years
  • Feb 13, 2009, 05:42 PM
    pready

    Debit Vecicle for the amount
    Creedit Cash for the amount of down payment(if any)
    Credit Notes payable for the amount of the loan

    • All times are GMT -7. The time now is 04:16 AM.