USA Question about how to record investment received by taking on a new member into business.

Joined
Jul 28, 2015
Messages
3
Reaction score
0
Country
United States
We have recently accepted a 50% member into our business. I am trying to get confirmation of how I should record the initial investment they have made to become a member. We are a nonprofit. Should it just be a debit to cash and a credit to a Paid in Capital-New member name account listed for the new member?
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,783
Messages
27,852
Members
21,798
Latest member
itesmeni

Latest Threads

Top