Client has made a profit trading on certain sports, similar to trading the stock market I supppose. He's made a profit of around 1k on the year and says it's just something he dabbled in whilst trade was quiet. All done through a sole director Ltd Co
Trouble is I havent a clue how to record it, I've looked at investments - current on my VTT+ but it shows as a debit on the balance sheet and nothing on the P+L so that can't be right. Sales - investments perhaps? On the opposite side of the coin though, what if he had made a loss on the trading, would I show the loss on the P+L but then disallow it on the computation?