Question

How do I record and claim a % of a bill only?

E.G I receive a bill for $200 for power at my residence.I only want to claim 10% of the $200 as a Tax expense.How can this be done?

If you are a sole trader

If you pay the whole bill from personal funds - make a journal entry

debit expense, credit equity investment

if you pay the whole bill from business funds - on the payment check

debit expense for the 10% amount

debit equity drawing for the remainder

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