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Forum
-> Household Management
-> Finances
amother
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 Sun, Oct 06 2024, 7:29 am
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I have a store where I sell a certain retail product. If I take some of it for myself how do I record it? Do I actually just buy it and pay myself? (Do I need to pay sales tax)
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amother
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Sun, Oct 06 2024, 7:37 am
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Owner's draw, partner's capital
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amother
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Sun, Oct 06 2024, 7:38 am
Ok let me be more clear. How do I record the transaction and record that there is less stock available because I took some
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amother
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Sun, Oct 06 2024, 8:26 am
| amother OP wrote: | | Ok let me be more clear. How do I record the transaction and record that there is less stock available because I took some |
Either reduce purchases against partners capital or increase sales against partners capital.
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amother
SandyBrown
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Sun, Oct 06 2024, 8:34 am
| amother OP wrote: | | Ok let me be more clear. How do I record the transaction and record that there is less stock available because I took some |
Record a sale with payment of $0.00?
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amother
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Sun, Oct 06 2024, 9:15 am
No, the value of the item. How much $ do you want to remove from inventory?
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