Hello - I see Lauren had the same question... I need to bring in the following by Journal:
Bakkie sold for full settlement amount that was due on current HP. Need to pay over VAT.
New bakkie (single cab) bought on HP. Need to claim VAT
Motorbike (farming) bought on HP. Need to claim VAT
I have the GL accounts: i.e. Installment sales / Vehicle @ Cost / Finance charges