Specifics are as follows:
Small Partnership self employed VAT registered business ceased to trade. So assets were sold off.
Sale of main pool assets (multiple items) for a net total of £4407.67
0050 nominal sitting at £11896.01 (total for multiple items)
Accumulated depreciation is £8713.36
Creates a profit on disposal of £1225.02
Main pool writing down allowance carried forward from tax year ending 31/03/18 - £1329
I am unsure how to account for these figures in both the closing down accounts and on the partnership tax return boxes 3.17-3.23
Can anyone help clarify please?
Replies (6)
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The arrogance of Sage users is unbelievable.
They cheerfully quote nominal codes without even mentioning that they're using Sage.
lol that did make me laugh, it does appear as though sage users seem to think its the be all and end all, of accounting packages.
My wife was the same, a management accountant, always quoting nominal codes like they were gospel in the accounting sector.