Vat
Molly76
Registered Posts: 10 New contributor 🐸
Hi,
Can anyone help me with the adjustment for VAT on goods taken for private use by the owner of a business? There is one example in a workbook that confuses me, The net amount has been added to the sales day book total and the VAT to the VAT payable account. Am I still allowed to claim the same VAT thhrough purchases cos there was no adjustment there in my book?
And another thing: has anyone know if it is possible to get the answers to the practice simulations for Unit 31 that are available on the AAT website, I cannot see them anywhere on the website.
Thanks
Can anyone help me with the adjustment for VAT on goods taken for private use by the owner of a business? There is one example in a workbook that confuses me, The net amount has been added to the sales day book total and the VAT to the VAT payable account. Am I still allowed to claim the same VAT thhrough purchases cos there was no adjustment there in my book?
And another thing: has anyone know if it is possible to get the answers to the practice simulations for Unit 31 that are available on the AAT website, I cannot see them anywhere on the website.
Thanks
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