A member makes a capital contribution to a company what are entries for the company: debit cash and credit, what?
Andrew Changed status to publish March 3, 2021
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 March 3, 2021
