Hi
I have a question regarding investment evidence.
If funds have been transferred from personal account to Business account , say 50k through director loan and company has generated revenue for three say 60k and expenses say 50k.
Details
Ist year
Revenue: 12k
Expenses: 10k
Net profit: 2k
2nd year
Revenue: 20k
Expenses: 15k
Net profit: 5k
3rd year
Revenue: 28k
Expenses: 25k
Net profit: 3k
It means company has made 10k net profit for three years.
My questions are
1. Would HO consider 50k investment in this case?
2. Company's balance sheet would be showing current assets like cash in bank = 50k . Does it sound good as it's showing more liquid assets.
3. Would HO consider why Director loan was given to the company if company could have generated revenue and cover expenses itself?
Please advise. Thanks in advance
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