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View Full Version : Where do I post invest money in business on general ledger


k0335910
Feb 1, 2018, 01:41 PM
How do I post investing money into a business and purchases of goods for resale and cash sales totaled 8750.-- cogs 5,000 how do I post these to my general ledger. I tried to do this but professor said it wasn't right.

paraclete
Feb 1, 2018, 03:32 PM
If you mean this is capital injected into the business then debit cash and credit proprietors equity, credit cash debit purchases, debit cash credit sales.