Cover of: Accounting and financing for motor carriers | Cheng, Philip C. Read Online

Accounting and financing for motor carriers

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Published by Lexington Books in Lexington, Mass .
Written in English



  • United States


  • Trucking -- United States -- Accounting.,
  • Trucking -- United States -- Finance.

Book details:

Edition Notes

Includes bibliographical references and index.

StatementPhilip C. Cheng.
LC ClassificationsHE5618 .C53 1984
The Physical Object
Paginationxvii, 428 p. :
Number of Pages428
ID Numbers
Open LibraryOL3187451M
ISBN 100669073407
LC Control Number83048661

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Example of Recording an Asset that was Partially Financed Assume that your company purchased a car for $10, by paying cash of $4, and signing a promissory note for $6, The accounting entry is: Debit the asset account Automobiles for the cost of $10, Credit the asset account Cash for. Vehicle Financing Purchase by: Lussoli Hi Laura, I'm still short for the complete answer to my question. I was thinking of making the entry like this: D - Vehicle (Asset) 16, D - HST (Liability) 2, D - Bank Charg/Interest 2, C - Acc Payablle (Liability) 21, Lower-cost financing: Based on many different variables, a company may be able to utilize tax benefits associated with topic is a more complicated tax issue that is more appropriate for your taxation classes. Tax advantages: Separate from any tax benefit a company may gain, lease payments can reduce taxable income in a more appropriate manner than . The Federal Motor Carrier Safety Administration (FMCSA) Motor Carrier Financial and Operating Statistics (F&OS) Program collects annual data from motor carriers of passengers that meet the relevant applicability requirements.

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