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PDtax
PDtax, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 5189
Experience:  MBA/CPA credentials, CPA firm owner. Business consultant, author, lecturer, US tax professional.
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When starting your business how should you account for

Customer Question

When starting your business how should you account for initial start-up investments when doing your accounts?
Submitted: 1 month ago.
Category: Finance
Expert:  oleksandrav-mod replied 1 month ago.
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Oleksandra-Moderator
Expert:  PDtax replied 1 month ago.
I'mCustomer I'll assist.Set up your initial account deposits as equity. The name for the equity account varies with the type of business structure.Most will use owner's equity as the account. Partnerships use partner equity, corporations use common stock or shareholder's equity.Thanks for asking at just answer. If this covers your question, positive feedback is appreciated. I'mCustomer