Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   General Journal Entries (https://www.askmehelpdesk.com/showthread.php?t=41610)

  • Nov 8, 2006, 12:54 PM
    Rochesg
    General Journal Entries
    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.
  • Nov 12, 2010, 08:16 AM
    arslan.jh
    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!

  • All times are GMT -7. The time now is 03:13 PM.