How should a vehicle loan appear on balance sheet? I currently have the vehicles appearing as fixed assets and as a negative number. Then under liabilities the vehicle loans also show us as a negative number. Are the categories correct?  which category should be the positive number? Fixed Assets Truck 1   -24,280.02 Truck 2  -17,100.00 Truck 3   -28,900.00 Total Fixed Assets $ -70,280.02 TOTAL ASSETS $ -57,233.49 LIABILITIES AND EQUITY Liabilities Current Liabilities Other Current Liabilities Loan Payable Truck 1  -26,927.37 Loan Payable Truck 2 -18,393.27 Loan Payable Truck 3  -30,061.75 Loan Payable Truck 4 ... View more