If Company A is an existing company, and the owner transfers money to startup a new company (Company B - a new entity, not a subsidary of A). What should company A record in the book?
Equity loss or somethings alike? What%26#039;s in the debit and credit?
Accounting question?
What kind of money are we talking about? Is the owner owed money by Company A? If so, then the money owed to the owner is reduced by what he took out. If he owes Company A money, then what he owed would be increased by what he took out. Need more information to give you a good answer.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment