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Describe the vehicle part purchases should debit to expense group or assest group of account?

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Question ajoutée par Abdul Qayyum Mohammed , Sales And Marketing Manager , Zafar Naji Al-Muthlaq Contracting Establishment
Date de publication: 2014/09/05
Cristina Asuncion
par Cristina Asuncion , General Accountant , Gulf Coasts Company LLC

If the vehicle part purchase is of material value it should be added to asset group but if the value is immaterial it can be directly debited to expense group.

MOHAMMED ABU NASAR OSMANI
par MOHAMMED ABU NASAR OSMANI , Payroll accounting manager , Adastra Group

Vehicle part purchases should be debited to Inventory account-(Assets).

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