Purchase of Cars | AccountingWEB

Purchase of Cars

Our company had been leasing 3 cars on contract lease basis, the contract then came to an end. Instead of the lease company taking these cars back, they were then sold to the company for a total of £1500

How do i reflect this in the accounts ?

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Purchase of Cars

pn |

Finance or operating lease?

Kent accountant |
Kent accountant's picture


biz2010 |