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[Debit] Donated Car
[Credit] Owner equity or retained earnings
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∙ 9y ago
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What is journal entry using personal car in business use?
debit carcredit owner's capital
What is the journal entry to give a car for rent?
No entry for giving car on rent rather entry is recorded when rent is received from customer.
What is the journal entry for booking a car purchase?
Credit Bank or Accounts Payable, Debit Fixed Assets.
Journal entry for new car purchase?
[Debit] Car Asset [Credit] Cash / bank
What is the journal entry for car trade in?
[Debit] New Car[Debit] Accumulated depreciation[Credit] Cash / bank[Credit] Trade-in Old car
What is the journal entry for car rent?
car rent a/c DR to cash a/c CR [ being expenses paid ]
What should be the journal entry if a sole proprietor purchases a car from his own showroom?
Dr Fixed asset a/cCr Cash a/c
how do I go about getting a car that was donated ?
I am unclear as to what you are asking. Do you want to get a car back that you donated to an organization?
How do I price a car donated to charity for tax purposes?
You can price a car donated to charity for tax purposes at donate-car-for-charity.com
Is there any way for an individual to get a donated car?
It is possible for an individual to get a donated car. A family member or potentially a charity can donate a car to an individual.
Can I get a car donated to me?
You can donate your car to any charity and the car is given to some one very needy. If you are in a position to donate your car odds are that you are not eligible to have a car being donated to you.
where are donated cars sold ?
The donated cars are sold for auctions or are given away to people who are in need of a car.
