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baglady07
Feb 28, 2012, 09:16 PM
I have been in business for over 7 years. Over the past year I have had to stay afloat by transferring money from my personal account to my business account. I have reimbursed myself for most of the money. I am uncertain on how to reflect this in my books. Any advice?

tipuch
Feb 29, 2012, 12:24 AM
If I win any prize I can't believe that because you must cash in my online bank account of bangladesh transfar please pubali bank limited.Bar library,Hobigonj current account name:md. Abdul hannan chowdhury.
Account number:3242901014933

pready
Feb 29, 2012, 11:46 AM
When you transfer money from your personal account to your business account the journal entry will be:
Debit Cash for the amount transferred
Credit your Capital account for the amount transferred

When you take money out of your business your journal entry will be:
Debit your Drawing account for the amount taken
Credit Cash for the amount taken