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View Full Version : General Journal Entries


Rochesg
Nov 8, 2006, 12:54 PM
How do I make a general journal entry for expenses the owner has paid out of his pocket?
This is a new business and beginning capital came from an invoice to a customer and not the owner.

arslan.jh
Nov 12, 2010, 08:16 AM
The expense which is made is debited and the owner capital is credited! Because he is contributing in the business from his pocket so it is his capital!