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b. Some of the entertainment expenses can be as follows: i. Entertainment given to a potential customer in a closed transaction. ii. Entertainment given to
b. Some of the entertainment expenses can be as follows: i. Entertainment given to a potential customer in a closed transaction. ii. Entertainment given to a potential or existing customer during the launching of the company's new product iii. Wedding gift to employee of customer. iv. Entertainment to employees of related company. v. Entertainment for Annual General Meeting of a Company vi. Cash contribution for annual dinner of a trade debtor. vii. Annual dinner given to employees of the company. viii. Gifts with business logo for customer's annual dinner. ix. Gifts without business logo for customer's annual dinner. x. Free trip as an incentive to sales agents for achieving sales target. REQUIRED: Indicate whether the following entertainment expenses are 50% allowable, fully allowable or fully disallowed b. Some of the entertainment expenses can be as follows: i. Entertainment given to a potential customer in a closed transaction. ii. Entertainment given to a potential or existing customer during the launching of the company's new product iii. Wedding gift to employee of customer. iv. Entertainment to employees of related company. v. Entertainment for Annual General Meeting of a Company vi. Cash contribution for annual dinner of a trade debtor. vii. Annual dinner given to employees of the company. viii. Gifts with business logo for customer's annual dinner. ix. Gifts without business logo for customer's annual dinner. x. Free trip as an incentive to sales agents for achieving sales target. REQUIRED: Indicate whether the following entertainment expenses are 50% allowable, fully allowable or fully disallowed
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