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How do I enter a vehicle purchase paid in full using cash basis in QuickBooks Desktop? help please

How do I enter a vehicle purchase paid in full using cash basis in QuickBooks Desktop?

Best answer by Rustler

In the chart of accounts, create a fixed asset account named for the car, and a sub fixed asset account for accumulated depreciation

enter the payment and use the car fixed asset account as the expense (reason) for the payment

In the chart of accounts, create a fixed asset account named for the car, and a sub fixed asset account for accumulated depreciation

enter the payment and use the car fixed asset account as the expense (reason) for the payment

Thank you so much for your help. It worked!

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