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    vision946's Avatar
    vision946 Posts: 1, Reputation: 1
    New Member
     
    #1

    Apr 14, 2008, 05:49 AM
    Vehicle finance
    If the vehical is financed under a company name either it will go under balance sheet item as liability or under the income statement
    MaggieMouse's Avatar
    MaggieMouse Posts: 226, Reputation: 8
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    #2

    Apr 16, 2008, 01:31 PM
    It will not go to the income statement since it's asset and liability.

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