catagorize that: My partner and I have a side business that has limited cash flow we both had to put in extra money from our personal account. What do you catagorize that transaction as?
If you’re a partnership, then it is an owners investment (equity account).
If you’re a corporation then it’s a loan from shareholder (liability account)
Resolution for 'catagorize that issue: 'My partner and I have a side business that has limited cash flow we both had to put in extra money from our personal account. What do you catagorize that transaction as?' available: Yes.
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