Huggins

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Posts posted by Huggins


  1. Excuse the stupid question - I've got a serious case of brain fade!

     

    Correct way to account for a backwards deal? my car SIV at 5k including my reconditioning costs etc for retail at 6k customers car worth 7k so did the deal and 1k to the customer.

     

    Paid VAT  last quarter on the profit from the deal on "my car " i.e 1k

     

    Do I stand the unsold backwards stock car at 5k + 1k  or 6k+ 1k?

     

    Thanks for any help 


  2. Hi - just watching the tumble weed blow past the office door and stumbled across this forum! Has made some good reading for me and reassuring (if not a tad worryingly) that I'm not the only one struggling to buy with the seemingly stupid prices , despite the market being flat as a turd!

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