Journal Entries For New Vehicle with Loan


This query is : Resolved 

Quick Summary
This discussion explains how to create journal entries for a new company vehicle when a loan agreement is involved. It outlines the accounting treatment for the car asset, the supplier, and the loan itself, including entries for any down payment made via cash or bank.

26 April 2022 how to pass the Journal Entries For New Car for Companies in Loan agreement based.


26 April 2022 CAR A/C ..........DR
TO LOAN A/C

26 April 2022 Car A/c Dr.
To Supplier A/c Cr.

Supplier A/c Cr.
To Loan A/c
To Cash/Bank A/c Cr. (for downpayment)


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details