Hi Everyone,
What is the norm when completing and income statment:
1. Including VAT of all items (Sales, Cost of Sales and Expenses)
2. Or excluding all VAT ?
I have seen people do it in both ways and am not sure for the reasoning behind it.
Hi Everyone,
What is the norm when completing and income statment:
1. Including VAT of all items (Sales, Cost of Sales and Expenses)
2. Or excluding all VAT ?
I have seen people do it in both ways and am not sure for the reasoning behind it.
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