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Question from an individual in County Down

Created on
Tue 04 December 2012 10:11am
Region
County Down
Type
Individual
Please can you advise how a telephone expense with vat is recorded as a double entry?
Payments involving the Bank Account are recorded- with gross amount does that mean that payments made with Cash would also be Gross amount?
How are purchases with vat recorded - what accounts would be involved?
how are credit notes recorded if they involve vat-what accounts are involved? Finally how are returns in and out recorded with vat?

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