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Starting balance for capital

PuiyeePuiyee Member Posts: 2

Hi. I am kinda new to wave. May i know how to enter a starting balance for capital account?

in Accounting Technical Support

Comments

  • MikegMikeg Member Posts: 995 ✭✭✭

    @Puiyee,
    You would credit either owners equity or if this is a partnership (more than one owner) you would create an equity account for each. Now what is your debit? Was cash deposited? Assets contributed?

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