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carolynlarms
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Charitable Donations

We took a collection of $5,000 from our customers to purchase goods from us at our cost prices to be shipped to people who have lost everything in the floods.  We have invoiced and receipted each donation as a GST free donation and made the donation a non-profit income.  How do I then put those donations against stock we are sending out. How do I write that stock off at cost price?