Help!

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
This is probably a daft question, but my head's hitting a brick wall!<BR><BR>Can you claim expenses in a business's profit and loss account which have been paid by way of cash introduced into that business?<BR><BR>What is the accounting procedure?<BR><BR>Thanks for any help!

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Help!

    Debit expense<BR>Credit capital introduced(or drawings)
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Help!

    Thanks, Bryan.

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