Hello,
One of my client is running business of renting of vehicles to GTA and he does not own any vehicles. He took 3 trucks on hire and renting those trucks to GTA.
Can I show these hired trucks as assets and If I have show these trucks in balance sheet, What sholud be shown as liabilities.
Please suggest me with accounting entries.
Thank you
yes its true, but can we show it as lease?
Yes. You can and it all depends upon the agreement only.
BANSAL YOGESH AND CO
Gautam Budh Nagar
B.Com
View Details
Gowra Ventures Pvt Ltd
Hyderabad
CA
View Details
CAclubindia
Pro
Modal body text goes here.
CAclubindia
