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January 12, 2024
Question

I'm a small business owner who retails camping goods. I used my personal money to purchase inventory - can I classify this as a loan to the businses?

  • January 12, 2024
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I'm a small business owner who retails camping goods. I used my personal money to purchase inventory - can I classify this as a loan to the business?

Also, I'm trying to run a loss and profit report and the purchasing of inventory does not reflect as a loss or expense?