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