Re: Creditors - Final Accounts

PeterSaxton wrote:

On 22 Nov, 18:09, "desperad...@xxxxxxxxxxxxxx"
<heydude78...@xxxxxxxxxxx> wrote:
On Nov 22, 6:00 pm, PeterSaxton <pe...@xxxxxxxxxxxxxxxxx> wrote:

The accounts are to the middle of the month? That doesn't seem right.

No, middle of the quarter (or part way through the quarter)

If the VAT return is produced every quarter and the accounts are
produced at the end of a month then the VAT return would be produced
to a date the same as the accounts or one or two months before but not
the middle.

A case of almost Timesque pedantry, my friend. It's pretty obvious that
by "middle" he didn't mean the exact centre, but merely well in from
the edges. A third of the way from the beginning or end of the quarter
qualifies as in the middle of it. In a qualitative rather than quantitative
sense, any given date either coincides with the end of the quarter or
lies in the middle of it.

On a general point you are approaching this from the wrong direction.
You should study bookkeeping and accounts using basic bookkeeping
books such as Frank Wood rather than try to drill back from a set of
accounts.

Agreed. It shouldn't take very long, either, but my guess is that he's
in a hurry to get the current set of accounts completed.

.

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