Tuesday, September 21, 2010

can I post an invoice from a finance co for purchase of a vehicle into purchase ledger.?

An invoice from a finance company is not a trader creditors as such,but i believe that the same as solicitors and accountants invoices this can also be posted into purchase ledger and treated on the balance sheet as other creditors. I have been told that this should be posted in the nominal ledger as the finance company is not a trade creditor.