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lots to learn


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Classifying Purchases - used car dealer
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Hi

Wondered how others would classify purchases in this case.

My client is a used car dealer.  He purchases cars and then pays for mot, any repairs and puts fuel in to sell them.

I was going to class these things as purchases as they are a direct cost of sale.

Would others agree

Thanks

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kjmcculloch


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That sounds logical. I'd agree with you.

Kris

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Kris McCulloch 
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The views expressed in this post are my own personal (HRA protected) views, and are not representative of any organisation I have any involvement with.
lots to learn


Senior Member

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Posts: 330
Date:
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Thanks Kris

Always nice to have a second opinion.smile

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Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
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