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    ginnyc29's Avatar
    ginnyc29 Posts: 1, Reputation: 1
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    #1

    Jan 23, 2010, 05:28 PM
    Trade in accounting
    We want to take trade ins as is trading in a used car for a newer one. How can we show this on the invoice so it will reflect in the appropriate accounts
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Jan 24, 2010, 04:25 AM

    Treat them in the same way as motor vehicle purchases but call them Trade-in Account.
    It is like buying a new asset.
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