Pub Waste

marinemarine Feels At HomePosts: 31Registered
Hi Guys

This is a new one to me just taken over books for a pub, there previous bookkeeper has been putting through a journal to cover beer waste etc.

They have been told by there accountants to put through the following journal every month:

Dr - Sales £ 645.00
Dr - VAT Account £ 96.75
Cr - Creditors £ 741.75 ??????

I have never come across this before can anyone help?? Am i being stupid or is this correct surely it shouldn't be on the balance sheet even if the profit & loss part of the journal is correct?

Any help would be great




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