Question
Loan
Hi, how do you adjust a negative Opening Balance Equity? A Loan Payable account was set-up. However, Opening Balance Equity was used in setting up. What should be the entry for a Loan Payable Account. How will I reverse it?
Thank you,
Hi, how do you adjust a negative Opening Balance Equity? A Loan Payable account was set-up. However, Opening Balance Equity was used in setting up. What should be the entry for a Loan Payable Account. How will I reverse it?
Thank you,
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