Discussion:Partner contribution debit and credit

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

(Difference between revisions)
Jump to: navigation, search
Revision as of 23:15, 6 October 2009
Trillium (Talk | contribs)
(move from acctg forum to consQ)
← Previous diff
Current revision
Seaside CPA (Talk | contribs)
(If he contribute)
Line 3: Line 3:
{{ForumNewPost|UserID=Johnstonka|Date=6 October 2009|Text=If a partner contributes to a capital account, i will credit the liability account. What would I debit?}} {{ForumNewPost|UserID=Johnstonka|Date=6 October 2009|Text=If a partner contributes to a capital account, i will credit the liability account. What would I debit?}}
 +
 +{{ForumReplyPost|UserID=Seaside CPA|Date=6 October 2009|Text=If he contributes cash, debit the Cash account.}}

Current revision

Discussion Forum Index --> Consumer Questions --> Partner contribution debit and credit

Johnstonka (talk|edits) said:

6 October 2009
If a partner contributes to a capital account, i will credit the liability account. What would I debit?

Seaside CPA (talk|edits) said:

6 October 2009
If he contributes cash, debit the Cash account.