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rachaelleigh
Sep 2, 2007, 09:08 AM
What part of a balance sheet do Distributions to owners reside? Is it an assest? A Liability? Where do I put these figures in order to detrmine my OE?
CaptainForest
Sep 2, 2007, 02:36 PM
Neither. They would be under the Owner’s Equity section as Drawings. That would have a debit balance though, to offset the capital account.