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9. Albert, the managing director of Albert's Vehicle Parts, guaranteed a bank loan of $750,000 for Josh his employee. Josh left the Island 224 Trade,
9. Albert, the managing director of Albert's Vehicle Parts, guaranteed a bank loan of $750,000 for Josh his employee. Josh left the Island 224 Trade, Business, Profession \& Vocation Continued unexpectedly owing the bank $150,000 which Albert had to pay. Discuss whether Albert can claim this as an allowable deduction from the accounts of Albert's Vehicle Parts? Would your answer be different if Albert's Vehicle Parts had lenthsosh the money and had forgiven Josh the debt before he left
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