Urgent please! Fixed asset register
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Forever_student
Registered Posts: 4 New contributor 🐸
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
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
0
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Plus VAT.0
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