Accountancy, asked by victoriaclaire56, 8 months ago

Which account does vehicle expense go to between owner's equity and assets ?

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Answered by kulkarninaman328
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Answer:

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Answered by sudhirhaldkar2980
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Answer:

This Accounting Basics tutorial discusses the five account types in the Chart of Accounts. We define each account type, discuss its unique characteristics, and provide examples.

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Having a good understanding of these account types is a prerequisite to reading financial reports and posting transactions in the accounting system

The five account types are: Assets, Liabilities, Equity, Revenue (or Income) and Expenses

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