Ask your accountant. They should tell you what accounts to debit & credit.

  • How to convert amount due to directors (in Current Liabilities account) to Paid-up Capital (in Equity account) using Journal Entries?

Resolution for 'convert amount issue: 'How to convert amount due to directors (in Current Liabilities account) to Paid-up Capital (in Equity account) using Journal Entries?' available: Yes.

The convert amount issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the convert amount issue yourself by looking for a resolution described in the article. If it is a complex convert amount issue or you are unable to solve the issue, you may contact us by clicking here or by using other convert amount support options.

For more information about resolving issues related to convert amount in Quickbooks/QBO or to get support for the issue 'How to convert amount due to directors (in Current Liabilities account) to Paid-up Capital (in Equity account) using Journal Entries?', click the link below: