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What are the accounting journal entries to record the purchase of a vehicle with a rebate?
Wiki User
∙ 9y ago
Debit fixed asset
Credit cash
credit rebate
Wiki User
∙ 9y ago
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What are journal entries for sale of vehicle for a non profit entity?
debit cashcredit vehicle
What are journal entries for sale of vehicle for non profit?
debit cash / bankcredit vehicle account
How do you post a journal entry for the sale of a vehicle?
Debit cash / bankCredit vehicle account
What is the journal entry to write off a motor vehicle involved in an accident?
Debit loss of motor vehicleCredit vehicle account
How do you post a journal entry for sale of a vehicle with depriciation?
The amount received for sale of the vehicle with depreciation is compared to the vehicle's net value and debited as a loss or credited as a gain.
What are journal entries for sale of vehicle for a non profit entity?
debit cashcredit vehicle
What are journal entries for sale of vehicle for non profit?
debit cash / bankcredit vehicle account
What is the journal entry for a cash purchase of a vechicle?
[Debit] Vehicle Purchased [Credit] Cash / bank
What are the journal entries for the sale of a vehicle at a loss?
Answer:Assuming the vehicle is sold for 1,500 cash, the cost of the vehicle is 10,000, and that accumulated depreciation is 9,000: The journel entry is a debit to 'Cash' for 1,500, a credit to 'Vehicles' for 10,000, a debit to 'Accumulated depreciation vehicles' for 9,000, and, a credit to 'Gain on sale vehicles' for 500.
What is accounting journal for proceeds of car sale?
Because the car is a fixed asset, the depreciation of the vehicle must be recorded up to the date of sale. The proceeds should be recorded as credit if profit was earned or debit if there was a financial loss.
How do you post a journal entry for the sale of a vehicle?
Debit cash / bankCredit vehicle account
Where can one purchase 53 Chevy?
One could start their search to purchase a 1953 Chevy vehicle on the website eBay. One could also read the Hot Rod Magazine or the Jalopy Journal for some collectors selling their 1953 Chevy's.
Can you rescind on purchase of vehicle days later?
can you rescind on purchase of a vehicle days later in California
What is the journal entry to write off a motor vehicle involved in an accident?
Debit loss of motor vehicleCredit vehicle account
How do you post a journal entry for sale of a vehicle with depriciation?
The amount received for sale of the vehicle with depreciation is compared to the vehicle's net value and debited as a loss or credited as a gain.
If you purchase a used vehicle in Nevada and then no longer want the vehicle can you return it to the dealership and rescind the contract?
"If you purchase a used vehicle in Nevada and then no longer want the vehicle can you return it to the dealership and rescind the contract?"
How long do you have to return a vehicle purchase?
You actually do not have a set period of time to return a vehicle purchase. There is no law that requires a dealership to take a vehicle back once purchased unless the vehicle is faulty.
