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yvonne19632022-h

Question

Adding work vehicle as a asset

Forum|Forum|4 years ago
March 2, 2022
1 reply
2 views

I owned a vehicle before I started my business and I would like to introduce it as an asset

QuickBooks Online

Mark of Somerset

Hi

I would use a realistic valuation on the day you started the business. The journal is then:

Dr Vehicle: Cost

Cr Capital Introduced (assuming you are a sole trader)