Ask Experts Questions for FREE Help !
Ask
    ablaine11's Avatar
    ablaine11 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 29, 2006, 06:04 AM
    Personal Fin Stmt
    I am setting up our personal financial statement using Peachtree. 1. I'm entering a beginning je to setup investment balances; I debit the investment account (other assets) - what is the credit account? 2. Soon I will be closing one of the investment accounts and will need to credit the investment account and debit what account? Thanks.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #2

    Dec 29, 2006, 08:14 PM
    To set it up:
    Dr. Investment Account
    Cr. Equity/Shareholder's Equity/Capital, whatever you are calling it.

    When you sell your investment:
    Dr. Cash (assuming you get cash when you sell the investment)
    Cr. Investment
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Personal Profiles [ 3 Answers ]

I am trying to locate a friend on the Web. I know she has Cox Internet but I don't know her email. Is there a way of finding her email? Thank You

Kind of Personal [ 8 Answers ]

I was recently married to a wonderful man but I WEIGH 270 pounds... we are both young and i can't help but think my husband would like to have a very intimate night with me but they don't make any ''sexy'' outfits for women my size. At least i can't find anywhere where they do. I want to spice up...

Personal Loans [ 8 Answers ]

A friend wrote a check for $30K against their AMEX account. They deposited it into my personal bank account. I then withdrew funds in the form of a cashier's check to purchase a vehicle. All records for this vehicle are in my name only. Four months after purchasing the vehicle, my friend wrote...

Personal Loan [ 1 Answers ]

I am a small company looking for a personal loan. I have bad credit and the company has only been around for 7 months. I am looking for $8,000.00 over 3 years and am willing to pay a high interest rate. I would like the loan to be unsecured but am willing to put the Equipment I own up for...

View more questions Search