i have this question
(1) He paid his business Stationery bill by cheque 5th April 2011 £171.55
(inc VAT)
Process this payment to the relevant account in the ledger,
As this says the bill has been been paid, would i need to use the vat account. not sure if the vat account has been debited already.
1st thought i would credit bank gross and debit stationary net.
any help would be great?
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