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View Full Version : What type account would you classify a home mortgage being paid out of a corporation?


Lanette Spotans
Jan 30, 2014, 11:44 AM
If you pay your home mortgage out of your corporation account, what type account should it be posted to? Owners equity?

smoothy
Jan 30, 2014, 12:49 PM
Unless those home is owned by the corporation... I don't see how its legal to pay it from that corporate account. Corporations business and expenses are supposed to be separate for personal private ones...