How Automotive Dealerships Manage Floor Plan Financing: Accounting for Interest Expenses
However, https://www.bookstime.com/blog/car-dealership-accounting it may not provide an accurate picture of the dealership’s financial performance, especially if there are significant time lags between the sale and the receipt of cash. Accrual accounting records revenue and expenses when they are earned or incurred, regardless of when cash is received or paid. This method provides a more accurate […]