If I own a business and take my personal money and put it into the business, how do I record that?
submitted by david

Eugene Vance

If it is for a sole proprietorship, that money would be accounted under Owner's Equity. Otherwise it would be considered Common Stock.

Credit Owner's Equity.
Debit Cash.

Abubakar yusuf nadabo

You record it as capital to the business.

Rachael Namutosi

You debit it in the cash account as capital and credit the capital account.