VATForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › VATThis topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts April 24, 2023 at 4:13 pm #683474 sguhaParticipantTopics: 64Replies: 42☆☆in case a vat registered business, buys a fixed asset on which vat is paid entry will beFixed asset Dr Sales Tax Dr To Bank Crbut if the business is not vat registered, entry will beFixed asset Dr To Bank crwe will include the VAT amount in asset and depreciate thatis it right? April 25, 2023 at 7:55 pm #683525 John MoffatKeymasterTopics: 57Replies: 54500☆☆☆☆☆That is correct.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)The topic ‘VAT’ is closed to new replies.