Advertisement
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

VRT query

  • 18-09-2015 11:34AM
    #1
    Gabi2p
    Registered Users, Registered Users 2 Posts: 5 ✭


    Hi all!

    If I buy a business car from NI the value goes as an asset, but what about VRT? Is that charged as an expense to P&L or do I put it as part of an asset and show in the statement of financial position?

    Thank you


Comments

  • #2
    barneystinson
    Registered Users, Registered Users 2 Posts: 4,686 ✭✭✭barneystinson


    Gabi2p wrote: »
    Hi all!

    If I buy a business car from NI the value goes as an asset, but what about VRT? Is that charged as an expense to P&L or do I put it as part of an asset and show in the statement of financial position?

    Thank you

    Well you don't really have an asset you can use until you've paid the vrt- it's intrinsically part of bringing the asset into use...


Advertisement