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[Debit] Donated Car

[Credit] Owner equity or retained earnings

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11y 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


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car rent a/c DR to cash a/c CR [ being expenses paid ]


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?


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 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.