Say that I went out and bought some stationary (for £50) and office equipment (for £250) for the business that I own, but I put it onto my own credit card.
The question is how do I post this into the books?
I can think of two opptions, though not sure if either is right. 1/ Stationary Dr £50 Office Equipment Dr £250 Capital Cr £300
2/ Stationary Dr £50 Office Equipment Dr £250 Personal Loan Cr £300
and then at a later date Personal Loan Dr £300 Bank Cr £300
Can anyone give me any advice. Thanks
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