What are the journal entries to record an invoice and receipt of TRADE SWAP, is there any additional disclosure. What about the taxation implication?

in egypt taxes 

record of invoice 

Debt : expense 

   credit : vendor account 

    tax : ( .5% or2% or5% ) 

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Journal entries are the building blocks of financial accounting, and are literally a ‘journal’ of all the transactions in your business. In FreshBooks all your activities – sending invoices, accepting payments, and creating credits and expenses – are compiled into journal entries that can be sent to your financial adviser in .