Skip to Content
avatar image
Former Member

Should VAT be part of customer Account receivbles ?

Dear Team,

Should VAT be included to customer account receivables balances when recognizing a sale ?

Assuming the collected VAT arising from the sale is claimable.

Before invoice arrive, should the VAT be recorded along with the sale in the customer AR ? or to VAT Balance sheet Current Asset account ?

what would then be the accounting entries ?

thank you.



Add comment
10|10000 characters needed characters exceeded

  • Get RSS Feed

0 Answers