A member makes a capital contribution to a company what are entries for the company: debit cash and credit, what?
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The credit will go to share capital, the equity side of the balance sheet. This may also include a part of the credit going to a share premium reserve account. The debit could go to cash, but may also be in the form of another for the company, such as a fixed asset or debtor. Contributed capital is not always in the form of cash.
Andrew Changed status to publish
