Food items ( hampers etc. ) are included
non-food items that are more than $50 and displayin name is included
non-food items that are less than $50 and displaying name is not included
non-food items that are not displaying any name and any amt is included
Is this right ?
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I don't know what u r calling include but what I know,
Food items ( hampers etc. ) are not allowable
non-food items that are more than $50 and displayin name the wholel amount is no allowable
non-food items that are less than $50 and displaying name is allowable,means ok, don't touch
non-food items that are not displaying any name and any amt isn't allowable.
yes you are right, i think
As josy has stated your question is not very clear in its terminology as we are determining whether expenses are allowable trading profit deductions or not - you will find the answer to this issue in the adjustment of profits section of the OT course notes
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