Fixed Asset

Dear sir,
I have a proprietorship firm with ABC Enterprises.(proprietor name kamal)

one of my employee name shivam purchase a car in his own name and its installment paid by ABC Enterprises.

Que:
1)Can ABC Enterprises show asset in his balance sheet behalf of installments paid by him.

2)if not then effects of transactions in the books of ABC Enterprises.

Regards,
Pavan Kumar