If you are leasing a car it is your responsibility to make payments. If the Leasing agent does not of record of the agreement it is still your responsibility to the bill, even if you keep the payments in a separate account. It is likely that the paperwork will resurface.
Account payable is a record of money your company owes to another company/person. Account receivable is a record of money owed to your company by another company/person.
If you leased a vehicle and the leasing company had no record a month later there are a few options. You can keep the car dishonestly and hope someone doesnÕt report it stolen, or save the payments until the agreement is found and updated so when the agreement is found you are not behind. Lastly, you can turn the car back in.
No Record of leasing in india ... its a to old deals of leasing may be before british role
Leasing journal entries are the accounting entries made in the books of accounts to record the lease transactions. These entries typically include debiting the lease expense account and crediting either the lease liability account (for capital leases) or the lease payable account (for operating leases). Additional entries may be made to record any initial payments, interest expense, amortization of the leased asset, and the reduction of the lease liability over time.
Check clearing is the process by which banks record whose account gives up money and whose account receives money when a customer writes a check. A bank holding company is a company that owns multiple banks.
An account receivable is the account used by a company to record money owed to them by a customer or other entity that will be paid in a short period of time, less than a year. For example, a company sales a computer to a customer and the customer is going to pay the company in 30 days, the company records this transaction to accounts receivable and revenue (income).
A professional employer organization (PEO) provides outsourcing of payroll, workers' compensation, human resources and employee benefits administration. It does this by hiring a client company’s employees, thus becoming their employer of record. It then leases them back under contract to the original employer. This practice is known as co-employment, employee leasing, or staff leasing.
what is TI record company? what is TI record company?
Assuming that the stolen company vehicle is not covered by an insurance. Determine the remaining book value. You don't record the depreciation but instead you have to write it off or simply record the remaining book value as loss. Then record the fixed asset account as credit. The loss is treated like an expense account.
[Debit] Equipment account [Credit] Cash / bank
ANOTHER NAME FOR THE PATIENT ACCOUNT RECORD IS THE PATIENT?
A general ledger suspense account is used to temporarily record items for which the accounting is not clear.For example, if a company records an expense, without keeping adequate documentation, the bookkeeper may need to record the item in the "suspense" account. Once adequate documentation is found, the item would be reclassified into its proper account.