If you put say £10,000 into the business which is to be a temporary loan to cover a one off expense and is then to be repaid the following month, what is the best way to show this in the books?THanks
What is the structure of the business, as this will have a huge bearing on the answer.Kris
Kris McCullochwww.ayrshireaccountancy.co.ukWinner - BKN Most Innovative Accountancy Firm 2012Latest Blog Post: Bookkeepers Award 2015
Hi Kris,It would be relating to a sole trader.
In that case Colin, I would record it as capital introduced when it goes in, and then as drawings when it comes out.Kris
