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I am giving away prizes for a tombola. How do I enter this in the accounts?
How do you determine the amount? Purchase price of products or selling price?
I am giving away prizes for a tombola. How do I enter this in the accounts?
How do you determine the amount? Purchase price of products or selling price?
Hello,
Well, if you're just giving them away, then I don't think they belong in your accounts. But surely there will be some publicity because you've given away a few prices? Some advertising for your business or something?I would enter it as advertising & marketing or something like that (you mean the purchase invoice, right?)? Because that's what it ultimately serves, right?
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.