Purchase of Cars

Posted by biz2010 PM | on Fri, 09/03/2012 - 15:10 544 3 comments | report

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 ?

Comments

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Purchase of Cars

pn | Fri, 09/03/2012 - 15:56

Finance or operating lease?

Kent accountant | Fri, 09/03/2012 - 16:03

Thanks

biz2010 | Mon, 12/03/2012 - 17:27