- How do you value gifts-in-kind in your accounting records?
- In South Africa it's estimated that income generated through donations is in excess of R11 billion per annum. But many entities don't know how to treat this income in their accounting records. Robin, a member of the Accounting and Tax Club , asked a question about gifts-in-kind and the impact they have on his books.
Let's see what he asked, and what Alan Lewis, Tax Advocate and independent tax ... ››› more
- [27 October 2016]