Capital Purchases and Finance in AccountRight
HOW TO RECORD CAPITAL PURCHASES AND FINANCE IN ACCOUNTRIGHT There are many finance options available to purchase capital equipment. Commonly used in Australia are: chattel mortgages: ownersh...
Forum Discussion
Hi
I need some advice on this. Client purcahsed a vehcile on chattel mortgage via Volkswagon finance. The agreement is for two years and teh monthly repayment is say $1500 . The agreement has a guaranteed future value at the end of 24 months.
The client has paid for the 24 months and at the end of teh 24 months Volkswagon Finance has taken the vehicle back at the guarantted future value whic is also teh reamining balance owing.
How do I recoard this vehcile disposal in myob.
