Discussion:Guarantee Payments
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Discussion Forum Index --> Tax Questions --> Guarantee Payments
| 27 January 2008 | |
| What is the journal entry for booking guarantee payments for partners in an LLC | |
| 27 January 2008 | |
| debit GP, credit checking, same as any other cash expenditure | |
| 27 January 2008 | |
| darn, I got it backwards Discussion:Accounting for guarantee payments | |
Michaelstar (talk|edits) said: | 28 January 2008 |
| This has been an update to Partnership accounting 101. There will be a test on this later on in the lesson. | |
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