Income and expenditure Watch

_junior
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I have an accounting work and in the addition note they stated “ gifts should be capitalized” what does this mean and how should I treat it ?
Last edited by _junior; 1 month ago
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Pancreas$
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CAKE, CAR, HORSE etc.
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scorpion95
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I think that it means that you should treat a gift as capital and not income or an expense. I think it should be treated as an asset rather than a liability. Hope this helps
(Original post by _junior)
I have an accounting work and in the addition note they stated “ gifts should be capitalized” what does this mean and how should I treat it ?
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