Question
On the financials for a small business (partnership), is it more correct to use money that has been invested by one of the owners to
On the financials for a small business (partnership), is it more correct to use money that has been invested by one of the owners to reduce the amount of a loan that they owe to the company, or to put the amount into owner's equity? Or is it okay to do either way and is up to the owner to decide?
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th edition
978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422
