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Accounting treatment for cosharing expenses
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Accounting treatment for cosharing expenses
Hi, Just would to clarify on the accounting treatment for shared expenses. Suppose 2 companies coshare rent for an office and Company A pays full rent and invoices Company B for its share. Is offsetting of the expense allowed or must Company A recognise the amount received from Company B as other income? Thanks
#FR
August 31st 2021
AN ACCA USER
Retagged
August 31th 2021
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