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

    Oct 8, 2008, 11:09 AM
    Company Vehicle Purchase
    How do I post a company vehicle purchase? What are the journal enteries?
    hamzashakaa's Avatar
    hamzashakaa Posts: 161, Reputation: 8
    Junior Member
    		  
    #2

    Oct 9, 2008, 02:21 AM

    Lets assume that you paurchased a car with a cost of 10,000 USD for cash THE entry will be
    As follows:

    Dr. Vehicle 10,000
    Cr. Cash or bank or accounts payable if you still did not pay in cash 10,000
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