Car & Bike Expenses

Hello All,

I have A Motor Car & Motor Cycle but both are registered under my group company name.
Just want to know if there are Repair & Maintenance expenses of these so how I keep record , *Expenses Name*

please help me.


Thanks,
Replies (2)
Quick Summary
This discussion addresses the proper recording of repair and maintenance expenses for company-owned cars and motorcycles registered under a group company. Participants are seeking guidance on how to track these costs and where to categorise them in the Profit and Loss account, specifically considering potential issues during financial consolidation.

Repair and Maintenance Expenses, under Indirect expenses , Profit and Loss Account.

Doesnt it become a problem during consolidation? A company must own it but not group

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