Day 30: You secure a loan of $50,000 from your favorite bank and receive the money that

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Day 30: You secure a loan of $50,000 from your favorite bank and receive the money that day. ^^^when creating a income statement (p&l), do we include the 50k as a revenue? a direct cost? or indirect cost?

Day 1: You contribute $10,000 of your own money to the business for initial expenses. ^^^^Same with this.. direct? indirect? revenue?

Posted Date: Jun 19, 2024 10:41 PM

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Day 30: You secure a loan of $50,000 from your favorite bank and receive the money that

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