In company B would run a balance sheet, select the loan to A, get the detail and transfer this report to excel. In excel categorize the costs and then post one ...
On the assumption you're not a car dealer, then the £42k would be posted to an expense account - profit/loss on sale of motor vehicle, you'd then have to take t...
You shouldn't have to make a journal as I'm assuming what ever the balance is it will transfer to the new bank account. The movement can be moved via bank trans...
The van is a fixed asset and the hire purchase finance is either a current liability or a long-term liability.When you acquired the vehicle then the full cost o...