Hi all,
I'm wondering if anyone can be of assistance as I seem to have hit a blank.
How would I treat the financial assistance provided by a CC to a new member in terms of reporting?
The CC complied in terms of clause 40 of the Act but how will this appear on the Financial Statements? Will this be shown purely as a loan to member? In this instance the financial assistance provided was actual cash provided to purchase the membership, and not in terms of guarantees provided.
Thank you.
Did you like this article? Share it with your favourite social network.