Additions

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November 19, 2015 at 7:58 am #283859
Abror
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Morning Mr John..What’s additions in for example vehicle’s cost?
I came across T account of Motor vehicles and there’s additions in debit side …Thank you.
November 19, 2015 at 8:20 am #283868
John Moffat
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“Additions” means that they have bought more (they have added more vehicles).

So when they buy more, the entry is Cr Cash (or payables if bought on credit) and Dr Motor Vehicles.
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