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
Replies (1)
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Your accountant will be able to explain the bookkeeping for this transaction, so why not ask them?