Skip to main content
November 10, 2019
Question

How to do a journal entry for a motor car purchase paid for in cash ?

  • November 10, 2019
  • 1 reply
  • 0 views
Original commenter did not share additional details

1 reply

November 10, 2019

Cash disbursements should be entered as 'cheques' - don't use JE unless there's no other choice.

Code the cheque to a Fixed Asset account for vehicles.