Office Management |
| NOTES PAYABLE | |
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NOTES PAYABLE—NEW VEHICLES AND DEMONSTRATORS |
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Notes payable are listed on the same schedule as the vehicle inventories to which they apply, The total of floor plan notes payable, as shown on the schedules, should agree with the balance in the general ledger control account. |
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NOTES PAYABLE—USED VEHICLES |
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Notes payable are listed on the same schedule as the vehicle inventories to which they apply, The total of floor plan notes payable, as shown on the schedules, should agree with the balance in the general ledger control account. |
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OTHER NOTES PAYABLE |
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A suggested schedule for notes payable is illustrated below.
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