Input VAT on Fixed Assets: debit or credit?
Input VAT on Fixed Assets increases on the debit side and decreases on the credit side: its normal balance is a debit.
Assets are resources the business controls. They increase with a debit.
Name in each convention
Account names and codes follow each convention; an account that does not exist in a convention is not offered there.
| Convention | Account |
|---|---|
| United States (US textbooks) | — |
| Spain (PGC 2007) | — |
| France (PCG 2025) | 44562 TVA sur immobilisations |
| Germany (generic accounts) | — |
Practice entries that use this account
- Buying a machine paid at once by bank transfer, with VAT
- Buying a computer server on credit, with VAT
- Buying a machine with a payment on delivery and a bill of exchange for the rest
- Buying a machine with transport and installation, with VAT
- Buying a machine, part paid and part on credit, with VAT
- Buying a building with a mortgage loan and a bank transfer
- Buying a delivery van with a bank loan, with VAT
- Trading in an old delivery van for a new one
- Adding a refrigeration unit to a van, on credit, with VAT