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Where Do You Record Gift Money In Business? - Business - Nairaland

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Where Do You Record Gift Money In Business? by Arizonaz: 7:09pm On Nov 07, 2021
In business Accounting, where do you record the money given to you as a gift?

Someone should help. I'm looking for how to place it to avoid mistakes.

Re: Where Do You Record Gift Money In Business? by dawnomike(m): 7:13pm On Nov 07, 2021
Arizonaz:
In business Accounting, where do you record the money given to you as a gift?

Someone should help. I'm looking for how to place it to avoid mistakes.
Sum it up with the total cash at hand for the next day.
Re: Where Do You Record Gift Money In Business? by Arizonaz: 7:48pm On Nov 07, 2021
dawnomike:
Sum it up with the total cash at hand for the next day.

Thanks. I appreciate your feedback.

So, it will go under sales or donation?
Re: Where Do You Record Gift Money In Business? by dawnomike(m): 9:55pm On Nov 07, 2021
Arizonaz:


Thanks. I appreciate your feedback.

So, it will go under sales or donation?
donation

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