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-   -   VAT Repayments & Financial Statements (https://www.askmehelpdesk.com/showthread.php?t=339463)

  • Apr 9, 2009, 09:42 AM
    newport daz
    VAT Repayments & Financial Statements
    Hi Guys,

    When a company receives VAT repayments during its financial year how should this be reflected in the income statement and statement of financial position?

    Thanks.
  • Apr 11, 2009, 07:23 PM
    ROLCAM

    They should be deducted from the expenses they emanate from.

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