personal or business categorization for cash withdrawal or injection into business if sole trader

Question asked by Adam Hill 4 weeks ago

hi should a capital withdrawal (shown on the bank details) for cash basis accounting be a personal or business category?

likewise should a capital injection be personal or business category?

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1 Reply

Hi Adam,

You can code capital injection to Capital introduced, and capital withdrawal to Drawings.

Tommy

Best answer
4 weeks ago

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