Vehicle though a bank facility on monthly installments. Until the loan is paid off, the vehicle is mortgaged to the bank. What is the a/c treatment ?

أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.

تم إضافة السؤال من قبل Muhamed Asharaf MV , ACCOUNTS PAYABLE , AND MFR REPORTING ACCOUNTANT
تاريخ النشر: 2016/02/18

التصويت كمفيد (0) المشاهدات (7) المتابعون (3) الإجابات (3) بلّغ عن السؤال

من قبل Muhammad Wajid , Admin & Accountant , CEET Coaching Center

It is treated as commodity

من قبل Janak Bhattarai , Deputy Manager , Global IME Bank Ltd

Vehicle shall be booked as assets where as bank loan shall be booked as Liabilities

من قبل Maryam Abdulla , Premier Relationship Manager , HSBC Bank

Car loan mortgaged by the bank

What banks offer student loans in the Middle east?
أفضل جواب: <p><span>Actually, there are some banks in UAE offering some sort of student/education loan. ... الإطلاع على المزيد

أجوبة (3)
Apply for quick and urgent loan?
أفضل جواب: Salary Certificate or Work Permit الإطلاع على المزيد

أجوبة (14)
What is trust receipt facility?
أفضل جواب: 1.Trust Receipt Asset based financing: Method used for funding purchase of inventories of consumer dura ... الإطلاع على المزيد

أجوبة (1)
Bank fees are a good source of income for banks.Do you agree?
أفضل جواب: <p>No there are many other much much better source of incomes for the banks, mainly Interest earned ... الإطلاع على المزيد

أجوبة (18)

هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟