Training—Used – Ford Online Accounting Manual

Expenses

TRAINING—USED	EXPENSE ACCOUNT
	7340

ACCOUNT EXPLANATION
TRANSACTIONS
COMMENTS

ACCOUNT EXPLANATION

Costs of training employees of the used vehicle department. Includes tuition, travel, meals, and lodging resulting from attendance at training schools, as well as training materials and visual aids used in the used vehicle department. Also includes payments in lieu of commissions to commission salespeople for attending training courses.

TRANSACTIONS

			Jrnl.	Dr.	Cr.

Training film and kit purchased for training used car salespeople			P
	Training—Used			7340
		Accounts Payable—Trade			2100

COMMENTS

If the used vehicle activities are organized onto two or more separate departments, charges to this account should be distributed directly to the departments generating the expense. See Departmentalization for further information.