Never comne across this one before.
Trader completed job for £3k approx and was paid in cash by the customer the cash received was recorded in the books.
At the end of each month the trader counts the physical cash and cross checks the figure to the books.
At the end of the month the cash was short by £3k and the trader thinks he has misplaced/lost the cash from this job.
How should this be treated in the books?
Presumably VAT is due on the sale as the money has been received by customer.
Is there any VAT/Tax Relief on this "loss" or should it just be treated as drawings?
Any thoughts would be appreciated.