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

    Feb 13, 2009, 01:48 PM
    Vehicle Purchase
    How do I account for the purchase and financing of a vehicle over five years
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Feb 13, 2009, 05:42 PM

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