Opening inventory using members loan

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  • crazytazz
    Junior Member
    • Mar 2017
    • 11

    #1

    [Question] Opening inventory using members loan

    How do i bring in physical inventory items in our stock holding that wee brought in by one of the owners (he purchased it himself so it will have to reflect on the loan account)?
  • ulbricht
    Junior Member
    • Feb 2017
    • 11

    #2
    hi,

    Debit Inventory and Credit Onwer's Capital A/c (ie Journal In your stock and contra with the Owner's Capital A/c)

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