my client is in the process of re building a cattle shed that burnt down. First step is the concrete they had poured. I was going to make an A+ account to compile the expenses that pertain to the re build as it happens throughout the next few months. There is also GST on the concrete work would i put that entry to A+ GST Paid? thanks
ADMIN RESPONSE
Feb 10, 2025
Hello, you are correct on everything. And yes you would post it to that A+ account called GST paid. When the build is complete you will be able to move your A+ to a C+ (capital asset purchase)
