How to open a restaurant in partnership bookkeeping - Recipe Complete Network

How to open a restaurant in partnership bookkeeping

When receiving the invested capital:

Borrow: Cash on hand/bank deposits 100000

Credit: Paid-in capital - A 50,000

- B 25,000

- C 25,000

When purchasing items for renovation

Borrow: Long-term amortized expenses - start-up costs

Credit: Cash on hand/bank deposits

Credit: Cash on hand/bank deposits

Credit: Cash on hand/bank deposits

Credit: Cash on hand/bank deposits

Loan:Cash in hand/ Bank Deposit

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