Monday, March 28, 2011

How do you report money given to charity in a companies financial statement?

How do you report money given to charity in a companies financial statement?
How do you report money given to charity in a companies financial statement? and which accounting standards can be applied to this?
Other - Business & Finance - 1 Answers
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Answer 1 :
it's an expense account called Donations or contributions - you better have receipts

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