Question

Vehicle purchased journal entry

Answer 1

Aadhar card is the right way to buy a vehicle in cheap price

Answer 2

Purchase of Vehicle

Explanation:

                             Books of (--- Limited)

                                 Journal Entry

Date         Account Title and Explanation    Debit Credit

              Vehicle             A/c Dr.                 xxx

               To Cash / Bank      A/c                                  xxx

        (Being amount paid to purchase the vehicle for business use.)

Explanation: Vehicle is an asset for the company and will be debit.

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