Theresa_D wrote:
Hi shau
Thanks for your post. In a situation like this it is best to speak with your accountant on how to handle this transaction.
Feel free to use the forum if you have any other questions.
Theresa_D That was really unhelpful. Not everyone can afford a tax accountant and what I'm asking is a really basic and simple question that doesn't really have any nuance.
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wrote:
Hi
Thanks for your post. In a situation like this it is best to speak with your accountant on how to handle this transaction.
Feel free to use the forum if you have any other questions.
That was really unhelpful. Not everyone can afford a tax accountant and what I'm asking is a really basic and simple question that doesn't really have any nuance.
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The 2 closest matches are:
3-1000 Owner's/Shareholder's Capital
3-2000 Owner's/Shareholder's Drawings
I would guess 3-1000 is the relevant account here.
Incidentally, what is the 3-2000 Owner's/Shareholder's Drawings account used for?
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