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For starters the debit entry represents the cost of the items given by the company. The business information the quantity underneath the heading of charity bills. nevertheless the goods do have a value which has to be taken out from the expense of product sales account and recorded being an cost which include charity price or charitable donations.
Audit guidance is informational only. We will not likely characterize you ahead of the IRS or state tax authority or present legal guidance. If we are unable to hook up you to 1 of our tax professionals for this question-and-solution aid, We're going to refund the applicable TurboTax Live small business or TurboTax Reside total company company fede
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