Question

which account does vehicle expense go to

Answer 1

Answer:

Vehicle maintenance expenses are shown in expenditure side of profit and loss account. Outstanding expenses are added to the vehicle maintenance expenses account and prepaid expenses in respect of the vehicle insurance expenses of vehicles etc. are deducted from the vehicle maintenance expenses.

Answer 2

Answer:

Vehicle maintenance expenses are shown in expenditure side of profit and loss account. Outstanding expenses are added to the vehicle maintenance expenses account and prepaid expenses in respect of the vehicle insurance expenses of vehicles etc. are deducted from the vehicle maintenance expenses