Vehicle Loan
by Raghu
(Bangalore)
How do you post an entry to the balance sheet for a vehicle loan?
Hi Raghu,
I'm going to give you links to three different entries pertaining to vehicles or loans.
You can find the bookkeeping entries for a vehicle purchase under The Practice.
The bookkeeping entries to record the vehicle loan are also found in The Practice.
How to record your loan payment is found in my article on the balance sheet.
Hope this answers your question.