[SL] Re: Capital Account

On Friday 23 May 2003 14:56, you wrote:
> Hello
>
> For an opening balance, when putting money into the bank account, which
> account should we use for the Capital Account that provides the funds.?
>
> Cheers x

Looks like you are opening the account and any money would be coming from 
your pocket. This could be classed as CAPITAL INTRODUCED.

If the money is transferred from another company or from another accounts 
package, say on an upgrade, perhaps setting a GL CODE for CAPITAL FROM X.

I'm not an accountant so there may be a more pretty way of doing this.

Regards

Steven

Other related posts: