Scenario:
SAZZ
Ltd has just bought a vehicle for £50,000 for company use and will pay for it
next month. What will be the double entry posting for this?
Double entry posting:
DR:
Vehicle account £50,000
CR:
PLCA £50,000
Reason:

REMEMBER:
DEAD/CLIC
N/B:
PLCA
is also called Creditors Control Account/ Trade Payables Account
Yours Sincerely,
The Friendly Team
The Friendly Team
The Training Place of Excellence Limited
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