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)?
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)?
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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