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From aswath satrasala <aswath.satras...@gmail.com>
Subject Re: Accounting - Adding owner capital
Date Wed, 07 Jul 2010 07:42:52 GMT
FYI, I think I figured it out.  Using QuickCreateAccounting transaction,
- do a debit on the Cash/Bank
- do a credit on Owners equity

Same applies for loans also
- do a debit on cash/bank
- do a credit on 'loan from owner/stockholder'


On Wed, Jul 7, 2010 at 10:53 AM, aswath satrasala <
aswath.satrasala@gmail.com> wrote:

> Any pointers on this.
> Thanks
> -Aswath
>
>
> On Tue, Jul 6, 2010 at 12:17 PM, aswath satrasala <
> aswath.satrasala@gmail.com> wrote:
>
>> Hi all,
>> I have the following two customer requirements in the Accounting component
>> - Adding the owner capital as of June 10
>> - Entering a cash loan as of June 10
>>
>> Can we do the above using 'Quick Create Accounting transaction'.  What
>> would be the accounting transaction entries?
>>
>> Regards
>> -Aswath
>>
>
>

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