If the combines are for business use, then they are fixed assets and should be debited to a code in the 0xxx range; if they are for resale then they are probably purchase expenses (5xxx).
If the loan is long-term, then it's a long-term liability (23xx-29xx), otherwise it's a current liability (20xx-22xx).
Assuming you are using a default Chart Of Accounts, or at least haven't changed where these things usually go.
-- Edited by Rob-f58049 on Friday 29th of June 2012 09:52:34 AM
Hi, we have purchased 2 combines and I am unsure which nominal code to use? Also we have received a loan and again I am unsure of the nominal code to use? I am using Sage. Can someone please help? Thanks