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New Business, No Sales, Opening and Closing Inventory

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For a new small business (self employed, not Inc.).

Started the business in May 2023 with no initial inventory.  We made purchases of inventory during the year for $1,027.01

We did not make any sales during the year.

What do I put in:

  • Opening Inventory
  • Purchases during the year
  • Closing Inventory




Thanks for your help.

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