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    ronaldhyd's Avatar
    ronaldhyd Posts: 8, Reputation: 1
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    #1

    Feb 25, 2009, 11:44 PM
    Journal entry
    What is the credit account for the beginning balance of Bank account while doing the personal account.
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Feb 26, 2009, 01:55 AM

    CAPITAL - OWNER Account.

    DEBIT Bank Account XXXX
    CREDIT Capital - Owner Account XXXX
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #3

    Feb 26, 2009, 10:09 AM

    A personal account should be separate from a business account.
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