- Original Poster
- #1
Hi
If a sole trader transfers money from their personal bank account to their business bank account and that money is used to pay a supplier - how is it dealt with using the "cash in, cash out" basis of accounting please?
Is it "cash in" as if it were a sale and therefore accounted for as such?
N
If a sole trader transfers money from their personal bank account to their business bank account and that money is used to pay a supplier - how is it dealt with using the "cash in, cash out" basis of accounting please?
Is it "cash in" as if it were a sale and therefore accounted for as such?
N
