[Busmanagers] CASES21 Finance - Assets

[Clark, Raelene V]

Hi everyone
 
I want to put a new piano on the assets register.  I know how to do it -
I just have a couple of curly questions.
 
We have an external piano teacher who organised trivia nights and other
fundraising events to raise the funds to buy the piano.  It wasn't done
through our fundraising committee.  When paying the invoice to I still
do "input taxed" like normal fundraising or should it just be GST
inclusive??
 
Second question - the piano is worth over $4,000 but she did a great
deal and we are only paying $2,800.  Should I modify the assets register
to reflect the true value for insurance purposes - and if so, how do I
do that???  The invoice doesn't show the actual value with a discount,
it just shows $2,800.
 
Thanks for your help.
 
Raelene 
Raelene Clark
Business Manager
Bayswater Primary School
9721 3755
clark.raelene.v at edumail.vic.gov.au


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