Hi i have a question please, We just purchased a car under the bussiness i dont know where to enter
Lane Saipaia
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Hi Lane
Generally a purchase of a Car would be posted to a fixed Asset Account called motor vehicles. If the car is purchased by Hire Purchase then the other side would be under a liability account called Hire Purchase. Kevin is right that this a question for your accountant. If you need some more detailed advice regarding this, I would be happy to help you. You can contact me on 0413 334 905 or brendong@versatileaccounting.com.au
Regards
Brendon Gardiner
Versatile Accounting0 -
AlwAus seek advice from your engaged acccountant They hold PI and PPC i
Cosmic Accounting Group
Accountants and Tax Agents 22397009
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Thats Correct Chandra and we hold PI and a public Practice Certificate and are a registered Tax Agent!1
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