I started recording transactions for my husband's small company. He put some capital into it (say 5k). I have debited bank and credited capital. Since then the money has been spent on computer equipment, stock and other misc expenses. It's coming to the year end now and I am not sure how I should treat the 5k sitting in my capital account.
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
