Hi i have a question please, We just purchased a car under the bussiness i dont know where to enter

Lane Saipaia
Lane Saipaia Member Posts: 1
edited August 2019 in Accounts Hosted
Help 

Comments

  • Brendon Gardiner
    Brendon Gardiner Member Posts: 20 ✭✭
    edited November 2017
    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 Accounting
  • cosmic
    cosmic Reckon Developer Partner Posts: 1,073 ✭✭✭
    edited September 2018
    AlwAus seek advice from your engaged acccountant They hold PI and PPC i

    Cosmic Accounting Group

    Accountants and Tax Agents 22397009

  • Brendon Gardiner
    Brendon Gardiner Member Posts: 20 ✭✭
    edited November 2017
    Thats Correct Chandra and we hold PI and a public Practice Certificate and are a registered Tax Agent!