Bookkeeping Tip on Personal Expenditures

Bookkeeping Tip on Personal Expenditures:

"Question: I'm just starting up a bookkeeping service at home. A few clients who are new to the business would purchase supplies etc. using their personal credit card and pay for this personally NOT thru the business. Am I correct in entering the debits to expenses and the credits to Owner Loan? "

- Fun but simple advice. -ed.
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