This entry is debit: other payables and credit: bank deposits.

If the company purchases a car through direct payment, then the accounting entries are the simplest. Just debit "fixed assets" and credit "bank deposits" or other related accounts. But if the company buys the car in installments, the accounting entries are: When paying the down payment: Debit: Fixed assets; Management expenses - insurance. Loans: bank deposits; other payables. Installment of monthly car purchase payment: Debit: other payables; Credit: bank deposit.

Accounting entries are also called "accounting formulas". Referred to as "entry". It is a record that lists the corresponding accounts of both parties and their amounts for each economic transaction based on the requirements of the double-entry accounting principle. Before registering an account, preparing accounting entries through accounting vouchers can clearly reflect the classification of economic business, which is conducive to ensuring the accuracy of account records and facilitating subsequent inspections. Each accounting entry mainly includes accounting symbols, related account name, summary and amount.