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Fixed assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2013 We r going to purchase a trailor for our logistics co. for new contract obtained with new customer. But customer wants the trailor in their name instead of our name.

If we finance that trailor , how can we account for the smae in our books of accounts?

Kindly revert.
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Rupesh Jain

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Rupesh Jain (Expert)
13 June 2013 this depend on the intial amount who paid? customers or your co.
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2013 The entire amount is paid by our co. , in a way we finance the total trailor cost but they want the vehicle to be purchased and registered in their name.
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