How would you account for the leasing of a vehicle

As a sole trader you require a vehicle to trade and decide to lease the vehicle rather than purchase it, how would you account for it in the company accounts and what nominal would you use?

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ANIL

  • Oct 23rd, 2013
 

Hi, Would you please give any example to explain the below question because i am not able to understand plzzzzz

As a sole trader you require a vehicle to trade and decide to lease the vehicle rather than purchase it, how would you account for it in the company accounts and what nominal would you use?

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