# GAAP: Journaling the use of personal car for self-employed business purposes **URL:** \ **Category:** Factual Questions\ **Created:** [May 9, 2022, 10:15pm UTC](https://boards.straightdope.com/t/gaap-journaling-the-use-of-personal-car-for-self-employed-business-purposes/964211 "2022-05-09T22:15:08Z")\ **Posts on this page:** 1\ **Showing post:** 28
**Author:** ![doreen](https://avatars.discourse-cdn.com/v4/letter/d/858c86/32.png) [@doreen](https://boards.straightdope.com/u/doreen)\ **Post date:** [May 15, 2022, 2:49pm UTC](https://boards.straightdope.com/t/gaap-journaling-the-use-of-personal-car-for-self-employed-business-purposes/964211/28 "2022-05-15T14:49:27Z")
You’re right that most people don’t use the terms the way @CookingWithGas is - but it’s also true that most people don’t use double-entry bookkeeping for their household or even very small business records. Most people see a “credit” to their bank account as increasing their balance - but from the bank’s point of view ( and it’s the bank keeping the record ) the credit to your checking account is increasing the bank’s liability. CookingWithGas is trying to determine how to keep these records in accordance with Generally Accepted Accounting Principles - which is something that is not relevant to most people but is to some. [This](https://boards.straightdope.com/t/bookkeeping-standards-credit-debit-reversed/832814) thread explains it more. --- _[View the full topic](https://boards.straightdope.com/t/gaap-journaling-the-use-of-personal-car-for-self-employed-business-purposes/964211)._