MOBILE PHONE DONATION TO COMPANY EMPLOYEES

MOBILE PHONE DONATION TO COMPANY EMPLOYEES

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dear All

kindly Advice on below

1.when another company donates to my company an asset how do i treat it in my books of accounts as a donation or an asset?  if someone can kindly assist with the standard if there

2. is the Vat figure included as part of the asset cost?

  kindly advice thanks

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By Tim Vane
01st Oct 2015 17:43

Your accountant will be able to explain the bookkeeping for this transaction, so why not ask them?

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