Capital Expenditre

Adam Registered Posts: 13 Regular contributor ⭐ 😼 ⭐
If you purchase a new asset and you receive a settlement discount should the figure entered onto the balance sheet for the fixed asset include or not the settlement discount?


  • Monsoon
    Monsoon FMAAT, AAT Licensed Accountant Posts: 4,071 🎆 🐘 🎆
    I would just post the amount paid to the fixed asset account.
  • pinksponk
    pinksponk Registered Posts: 57 💫 🐯 💫
    So would I
Privacy Policy