sole trader paid business pmts out of personal before bank account set up 2 months later. Should I create an Owners Investment in Equity in COA or how best to show this
Sole trader - used own personal bank account two months and paid set up business expenses etc before opening a business bank account two months later. Should I jnl these expenses - Owner Contributions (Equity) and then relevant expense. Just wondering what best practise would be in this situation?