If I have a sole trader business reselling items (started as a hobby but I keep finding too many things that I could sell so I've been told it's now a business) and I wish to seed some of my own personal assets through the business for better visibility how is that done?
My research says to obtain a recent sold value on Ebay for each item, and then I add them to my assets using that sold cost as the "cost of goods". Is that accurate? I guess that creates a situation where you're not false profits because you're kind of buying out your own item and selling it at cost?
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