Home For AAT student members AQ 2013 AAT Level 3 (Level 6 in Scotland)

cost and provision....homework!!!

rachy1975rachy1975 Trusted RegularRegistered Posts: 366
hi guys just a quickie...im a bit stuck doin my homework.
plant and equipment was bought for £40,000 excluding VAT
what goes in the cost account is it just the £40k or £40k plus Vat???
thanks in advance

:001_smile:

Comments

  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
    just the £40k

    just the £40k
    debit the vat account with the vat amount
    Sandy
    [email protected]
    www.sandyhood.com
  • rachy1975rachy1975 Trusted Regular Registered Posts: 366
    thank you i thought that was it
    :001_smile:
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