Stock at cost

Stock at cost

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When calculating closing stock at cost for my accounts, is it correct that I include VAT because I am not VAT registered?
Chris

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By AnonymousUser
26th Jul 2006 11:27

yes

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By jsriram36
26th Jul 2006 14:52

Stock at cost
Yes the vat has to be considered in view of the fact that Accounting should be governed by substance over its legal form

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