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Where do I book the contra entry for startup share capital paid in by owners?

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Where do I book the contra entry for startup share capital paid in by owners?
Answered Same Day Dec 21, 2021

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David answered on Dec 21 2021
120 Votes
Where do I book the contra entry for startup share capital paid in by owners?
Contra entry is passed in case where cash and bank both is involved. Either the cash
may be deposited in bank or cash may be withdrawn from bank. In such cases contra
entry is passed. Thus when owner introduces share...
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