Process purchase of a motor vehicle used for personal and business

Question

I want to check the journal for purchase of a motor vehicle which will only be 20% business use and 80% personal

Genreve_S · Accepted Answer

Hi @KerrieB,

Thank you for sharing your query on the forum.

I understand your need to accurately record an asset purchase. However, as this falls under the category of financial advice, we are unable to assist directly. It would be beneficial to consult with a financial advisor or an accountant for this matter.

Should you have any other questions or need assistance with different topics, please feel free to create a new thread.

Thanks,
Genreve