Tags Business Accounting and Bookkeeping

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Journal entry for new car purchase?

Anonymous

∙ 10y ago

Updated: 8/18/2019

[Debit] Car Asset

[Credit] Cash / bank

Wiki User

∙ 10y ago

Still curious? Ask our experts.

Chat with our AI personalities

Steve

Knowledge is a journey, you know? We'll get there.

Chat with Steve

Maxine

I respect you enough to keep it real.

Chat with Maxine

Ezra

Faith is not about having all the answers, but learning to ask the right questions.

Chat with Ezra

Add your answer:

Earn +20 pts

Q: Journal entry for new car purchase?

Write your answer...

Submit

Still have questions?

imp

Trending Questions

The length and width of a rectangle are consecutive even integers The area of the rectangle is 8 square units What are the length and width of the rectangle? What number is w in the alphabet? What does dive do in Pokemon White? What are function of imperative? What suit is the top royal flush? How many acres did the average plantation owner buy? How do you reverse a scanned image? Use sacrilegious in a sentence? What are common multiples of 9 and 15? Who are glenn close's children? When is the best time to visit the Champs Elysees in Paris? Are ribosomes found in animal or plant cells? Why can an ideal gas not be liquefied? Part of the experiment that does not change? What is a radial arm saw used for? Can earthquake can predicted in advance? Where is earthquake going to happen next? What does it mean when a guy says your not hot but you are beautiful? What is the relationship between the rights of an individual and the rights of an overall society? What does pride goes before fall means?

Related Questions

What is the journal entry for car trade in?

[Debit] New Car[Debit] Accumulated depreciation[Credit] Cash / bank[Credit] Trade-in Old car

What is the journal entry to purchase asset from general reserve?

General reserves need to be converted into cash first by issuing new shares to share holders and after that cash can be used to purchase assets.

What should be Journal entry for purchase of building from general reserve account?

First of all general reserves need to be converted into cash by issuing new shares and then that cash can be used to purchase building.

Why do you need to reverse a journal entry?

According to my understanding and my study in accounting, the reversal of journal entry merely is for the opening balances for a new year of accounting period

What journal entry did charlie write after he left new york?

dear ........................

How do you post journal entries in QuickBooks Online?

To post journal entries in QuickBooks Online, go to the "New" menu and select "Journal Entry." Enter the necessary details such as the date, accounts, and amounts. Review and save the entry to post it to your account.

What is the journal entry for trading a vehicle for another vehicle?

Debit new assetdebit loss (if any)debit accumulated depreciationCredit cash / bankcredit profit (if any)credit old car trade-in

How can you get out of a new car purchase?

Sell it.

Can a new car dealer finance a new car purchase?

Yes, new car dealers can finance a new purchase. Many dealers work with multiple banks to help find financing for their customers.

Can you return a new car in Washington state?

After a car purchase, can I return the car?

Can you cancel a car purchase in NJ?

No you can not cancel a car purchase in New Jersey. There are however exceptions to this such as if the car has a serious mechanical defect.

Journal entry for investment?

Today, I made a new investment in a diversified mutual fund to further enhance my investment portfolio. This decision aligns with my long-term financial goals and risk tolerance. I will continue to monitor the performance of this investment regularly to ensure it remains in line with my objectives.

Still have questions?

imp

Resources

Top Categories

Product

Company

Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.