Limited company selling raffle tickets
MTJR
Registered Posts: 33 Regular contributor ⭐
Hi,
If a limited company sells raffle tickets to win a free product, with the money raised from the sale of the tickets going to a charity, how would this be initially recorded? Just as a sale? and the donation to charity being an allowable expense?
Thanks
If a limited company sells raffle tickets to win a free product, with the money raised from the sale of the tickets going to a charity, how would this be initially recorded? Just as a sale? and the donation to charity being an allowable expense?
Thanks
0
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