Jul 28, 2023 19:40
10 mos ago
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English term

VAT INPUT (PUR-EXP)

English to Ukrainian Bus/Financial Accounting
Article in a trial balance of a Cyprus company. I figure VAT input = Input VAT, PUR - purchases? EXP - expenses? I don't see where expenses come into play in the definitions and methods of calculation

Proposed translations

22 mins

ПДВвхідний (закупівлі - витрати)

VAT input account will be Debit. If we are final consumer, we need not show the VAT Input account, its cost will be included in purchase account. https://www.svtuition.org/2013/07/journal-entries-of-vat.htm...
ПДВвхідний — загальна сума «вхідного» ПДВ при придбанні товарів, послуг або необоротних активів (як правило, береться із графи 12 розділу III податкової накладної) https://tinyurl.com/nhzpp4ns
A purchase is an acquisition of goods or services, while an expense is an amount spent for these goods or services. https://www.financestrategists.com/accounting/purchases/
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