Incomplete records - VAT on Sales and Purchases

Inostraj

Hi everyone - I have a question on how to deal with VAT on Purchases and Sales when calculating COS and inventory.
If it states an amount of sales excluding 20% VAT, do I have to add it become calculating COS or do I leave out the VAT completely?

Thank you

anony123

Have you got the question.

anony123

Normally things do have VAT on them so divide by 5 and add it to the opening inventory etc. But until I see the question…