Urgent please! Fixed asset register

Hi All,

I am just really confused and i wonder if you could help.

If we purchase a car and the VAT is not recoverable, do we put the cost of the car PLUS VAT on the cash register or we only put the cost excluding VAT?


Your help is very appreciated
Many Thanx

Comments

  • AK002
    AK002 Font Of All Knowledge Registered Posts: 2,492
    Plus VAT.
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