Answer / nagarjuna

WHEN YOU ARE SELLING THE VEHICLES THR FINANCE, FINANCE
COMPANY IS YOUR PURCHASER ON BEHALF OF ULTIMATE CUSTOMER.SO
YOU HAVE TO PASS ENTRY IN YOUR BOOKS AS

FINANCE COMPANY A/C(NAME OF ORIGINAL PURCHASER) DR .XXXXX

TO SALES A/C CR .XXXXXX

(BEING VEHICLE SOLD TO ORIGINAL PURCHASER THRU FINANCE
COMPANY. YOU ARE WRITING THE ORIGINAL NAME OF PURCHASER ONLY
FOR REFERENCE AND ADDITIONAL INFORMATION)

CASH OR BANK A/C DR.XXXXX
TO FINANCE CO (ORIGINAL PURCHASER) A/C CR.XXXX

(BEING CASH RECEIVED AGAINST SALE OF VEHICLE TO FINANCE CO
(ORIGINAL PURCHASER)

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