Share this content
16

How to continue from previous Accountant's Mistake

The previous accountant made a mistake, I don't know how to continue from this.

Didn't find your answer?

I'm helping out a friend with their SATR and I'm doing the accounts. They have a HP car. Usually when the car was first purchased I would have claimed WDA on the purchase price and then claim the HP interest as an expense. However the previous accountant has been claiming the HP payments as an expense for the previous 2 years. I am unsure how to continue from this. Do I carry on with what they were doing, claiming HP payments for continuity, or do I take the remaining balance of the car, include it as an asset and do what I would normally do with WDA and HP interest. Any help is much appreciated.

tps"/publand=ypege-placeholder" style="background acehot/fil4bl tM8 itesttpsles/larg4t/fib./ yioceWl4bl tM8 1yle a4(ht-cate/dright ult/f d--re:bte/drieffechiv>our"> 1yle a4(ht-cate/dright ht-cate/drigh/reso> d--re:bte/drieffechiv>our"> Marketing plans for accountants ceffe