Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Post vehicle long term note payable (https://www.askmehelpdesk.com/showthread.php?t=458397)

  • Mar 17, 2010, 11:12 AM
    HeatherC6851
    Post vehicle long term note payable
    How do I post the purchase of a new vehicle as a long term note payable?

    Is this correct?
    ?? - Debit
    Note Payable - Credit
  • Mar 17, 2010, 02:51 PM
    morgaine300

    You just got a new vehicle so you're debiting the vehicle. If you "purchase" something it's fairly straight-forward: debit whatever you purchased.

    • All times are GMT -7. The time now is 05:35 AM.