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Who owns the audit work papers?
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General Book-keeping & Accounting
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8709
Every year my business is audited by a firm of Chartered Accountants. I’m getting itchy feet and would like to move accountants. Does anyone know who owns the audit work papers, me or the audit firm?
Cost of sales
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General Book-keeping & Accounting
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3337
I'm doing the books for a café that also sells takeaway food. He doesn't have stock because he buys as needed each day. How do I record his purchases of food and other food related items? I've been recording them as cost of sales. Is this correct?
Capital or revenue expense?
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General Book-keeping & Accounting
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3692
I have a client who runs a small plumbing business. He’s just purchased a PDA for tracking jobs and quotes etc. It only cost a little over a hundred pounds, do I still need to enter it as a capital asset or can it be just expensed? If expensed, can it just go to the computer expenses code? Would be grateful f...
Payment Protection Insurance
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General Book-keeping & Accounting
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3025
I am fairly new to bookkeeping and have a question regarding a vehicle loan. My client purchased a new vehicle with payment protection insurance. What account do I analyse the insurance to? Cheers! -- Edited by Sundance at 12:13, 2007-03-06
Forum Rules and Privacy Policy - please read before making a post
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Forum Information, Rules, News, Suggestions & Updates!
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The Book-keepers Forum Rules In order to keep The Book-keepers Forum running well and to prevent problems, please follow these simple rules. If you have any questions or problems, please feel free to contact us, or make a post in the suggestion forum. Forum Rules: Membership of the forum is open to bo...
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