Where a self employed person is declaring home office space and use of a personal vehicle as expenses, how is this represented in the accounts when the up front payment was not from their business bank account.
Eg - Ben's total heating and electric bill for his six-room house comes to £900 for the year and this is paid from his personal account. He set aside one room for work only so declares an expense of £150 (900/6).
Would you debit Heat & Light and credit Drawings?
Please help.
Thanks
Andrew
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