Account Preparation 2

lifeisstrange
lifeisstrange Registered Posts: 27 Epic contributor 🐘
Hi Everyone,

When the owner transfers her own vehicle to the business, what is the double entry to show this transaction?
Thank you in advance.

Comments

  • omega man
    omega man Registered Posts: 283
    i would of thought it would debit motor vehicles and credit capital
  • lifeisstrange
    lifeisstrange Registered Posts: 27 Epic contributor 🐘
    Thank you again Omegan man. I would have said the same but I wanted to have a second opinion. Have a nice day.
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