Bank charges Bank All payments were for business statements purposes and no personal benefit and was derived from them. accounting principles Receipts and Mitigating against business $1530 of Insurance statement, Jill Smith Insurance $459: accounting interruption and financial risks. vehicle insurance mileage logs principles attributable to 2002 Ford Focus used personally approximately 30% of the time by Jill Smith Interest on Debt All payments were for business long-term debt statements purposes and no personal benefit and was derived from them. accounting principles Professional Receipts and All payments were for business fees (including accounting purposes and no personal benefit legal and principles was derived from them. accounting fees) Repairs and Receipts and Repairing or maintaining $180: $600 of vehicle Repair invoices, Jill Smith maintenance accounting equipment used to operate repairs attributable to mileage logs principles efficiently and/or create profit. 2002 Ford Focus used personally approximately 30% of the time by Jill Smith Vehicle Receipts and Vehicle used to operate efficiently $134: 10% of $6700 Gas station receipts, Jill Smith operating accounting and/or create profit. gasoline attributable mileage logs. principles to 2002 Ford Focus (automotive) used personally by Jill Smith approximately 30% of the time, but only 50% of total cost had been claimed as a business expense, with Jill paying the remainder personally
Bank charges Bank statements and accounting principles All payments were for business purposes and no personal benefit was derived from them. Insurance Receipts and accounting principles Mitigating against business interruption and financial risks. $459: $1530 of vehicle insurance attributable to 2002 Ford Focus used personally approximately 30% of the time by Jill Smith Insurance statement, mileage logs Jill Smith Interest on long-term debt Debt statements and accounting principles All payments were for business purposes and no personal benefit was derived from them. Professional fees (including legal and accounting fees) Receipts and accounting principles All payments were for business purposes and no personal benefit was derived from them. Repairs and maintenance Receipts and accounting principles Repairing or maintaining equipment used to operate efficiently and/or create profit. $180: $600 of vehicle repairs attributable to 2002 Ford Focus used personally approximately 30% of the time by Jill Smith Repair invoices, mileage logs Jill Smith Vehicle operating (automotive) Receipts and accounting principles Vehicle used to operate efficiently and/or create profit. $134: 10% of $6700 gasoline attributable to 2002 Ford Focus used personally by Jill Smith approximately 30% of the time, but only 50% of total cost had been claimed as a business expense, with Jill paying the remainder personally Gas station receipts, mileage logs. Jill Smith
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