Hello Everyone,
Sir My Company purchased one vehicle @ 96000 from xyz automobiles, Downpayment is paid 20,000 . Everymonth vehicle instalment should pay 2800 SAR. (Saudi Riyals) Everymonth depreciation charged 25% So please help me what should be the journal entry for :
1) vehicle purchased
2) depreciation Every month
3) loan A/c Payment of Instalments
4) supplier a/c from where vehicle purchased
I shall be grateful If anybody answer my question its very urgent tomorrow i have to pass this journal entry plzzzzzzz
dear professionals my job is under danger. So please help meeeeeee
CAclubindia
