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    pieromaldi's Avatar
    pieromaldi Posts: 1, Reputation: 1
    New Member
     
    #1

    Apr 10, 2010, 02:04 PM
    If I start a business and provide a computer worth $3600, how do I account for this?
    I know the Assets are increased by $3600 but how is this balanced? I assume the equity is increased by the same amount. IS this correct?
    Thanks
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
     
    #2

    Apr 15, 2010, 12:45 PM

    Your accounts will be Equipment and Owners Equity.

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