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Hie everyone,
Can someone please help me with the following question.
2 computers were each sold for cash for 300 plus vat which was banked immediately. They had a net cost of 1000 each and an accumulate depriciation of 750 each. 3 new computers were purchased on credit for a total of 1800 including vat. The vat rate used was 20%.
l can work out the disposal and acquisition accounts. My problem is entering the vat part of the disposal income and newlz acquired computers. lf You know how to enter it in the sage software PLEASE HELP.
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