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My company has just bought a car. The breakdown is as below:
cost of the car = 50000
Interest = 15000
Registration fee = 500
Road tax (first year) = 1800
Please show me the correct entries in the books
Thank you
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Answer Posted / pradeep gunuguntla
Car A/C ..... Dr 67300
To Cash A/c 67300
(Being the car purchased and capitilized expences)
| Is This Answer Correct ? | 15 Yes | 8 No |
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