general accounting - posting entries for an auto purchase
Joe Mineart Member ✭✭
edited March 15 in Paying Bills, Online Billers & Reminders (Windows)
Purchased auto - decided to include it as a creation in the "property" category; so when i post the check payment should the account I charge be the newly created car account in the property section? - or when you create an asset as a property item do you just assign a dollar value to it
Your payment shouldn't impact the value of the asset (the car).
Payments reduce the amount of the loan and increase the interest expense.Q user since DOS version 5
Now running Quicken Windows Subscription, Home & Business
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