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jgreene001
Jan 28, 2011, 12:46 PM
I transferred money from my savings to my business checking to pay bills. How is that money classified? Income, asset?

pready
Jan 28, 2011, 01:42 PM
Are you talking about an owner that is transferring money from a personal account to a business account, then you Debit Cash for the amount and Credit your Owners Capital account.