We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Accountant was purchases, what are counted as purchases?
Options

Poshsalt
Posts: 129 Forumite

Hi,
Im sending my accounts to the accountant and he was sale, purchases, expenses.
At first I thought expenses and purchases are the same.
Im guessing purchases is like a car.
But what else is under purchases? Cant find examples online link to UK tax.
Is a computer, usb cable, printer, tables, boxes purchases?
0
Comments
-
Purchases are the direct costs of goods you buy to sell. Expenses are the indirect costs of running a business (like motor expenses, heat and light etc). Cars and computers are fixed assets.2
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards