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Hi
Can anyone assist me
they have been loading vehicles with the following journal, please advise if this is correct
Db - Motor Vehicle @ Cost
Cr – Vat
Cr – Instalment Sales – 5600/000
Is this correct ??
If the vehicles invoice has been added to a supplier what is the method that we should use in order to add the vehicle to the Instalment sales ledger and to remove the amount from the Supplier and the instalment amount should than go to the 5600/000 Ledger.
Can anyone assist me
they have been loading vehicles with the following journal, please advise if this is correct
Db - Motor Vehicle @ Cost
Cr – Vat
Cr – Instalment Sales – 5600/000
Is this correct ??
If the vehicles invoice has been added to a supplier what is the method that we should use in order to add the vehicle to the Instalment sales ledger and to remove the amount from the Supplier and the instalment amount should than go to the 5600/000 Ledger.