The Book-keepers Forum (BKF)

Post Info TOPIC: Cost Of Sales?


Member

Status: Offline
Posts: 5
Date:
Cost Of Sales?


Hi, I've got a new client who has set up a van rental business. I'm putting together his accounts for the first 6 months, and I'm not sure how to correctly account for my clients motor/van repairs. Normally I would put any motor expenses including repairs to the general motor expenses account. Since my clients business is that of hiring out van's, should I include repairs to the van's as a cost of sale?

As I've not got anything to go from I would welcome anyone's thoughts.

Thanks

Ben

__________________
Fay


Senior Member

Status: Offline
Posts: 104
Date:

Hi Ben

I would treat all repairs relating to the van's as a cost of sale. I would set up a van repairs account in COS to clearly identify the expenses.

Best wishes

Fay

__________________


Member

Status: Offline
Posts: 5
Date:

Thanks Fay, just wanted to be sure!

Ben

__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About