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Inventory

KP
2023-04-05

Question

I had already bought a amount of second-hand goods in the past before I decided to start my own business. Now I have also sold those goods. But how should I put them in inventory and at what price?

Based on any documents from that time, should I still enter them as trade goods?

In principle, you are allowed to contribute items that you purchased before you started your business. Of course, you must have a document.

I bought them second-hand several years ago and don't have any documents from them. Can I also enter them as a contribution of 34,000 @ 10,000?

You won't get very far without a document; you need some kind of document.

Can't you just enter it as a contribution at the start if you can prove the price?

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You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

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