What is the best and most correct explanation with why.
Dear I assume that I have 5 types of cars and 5 types of furniture and 5 types of houses, do I enter them through the fixed assets and link them with the fixed assets account
Or define the tree of accounts
Calculation of cars, furniture and equipment and linking accounts to them.
Also dear, what is the effect on the financial statements, the balance sheet, do they have the same effect?