Fixed asset accounting
This query is : Resolved
24 December 2010
director of our co. has car. But he not shown it in business. but expenses their on charged for business like servicing , maintainance, petrol etc. is it proper accounting? , if we show this car of our business asset than which accounting entry should be do?
24 December 2010
How you can show director's car as busniss assets. You can pay the maintenance charges, that is all right.
Just , pass the purchase entry , to show the car as business assets. But bocument has also to be transferred in company name.
Just , pass the purchase entry , to show the car as business assets. But bocument has also to be transferred in company name.
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