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how do i record owner's equity distributions
owner's equity distribution and journal entry
Shahul Hameed IndiaAnswer
Nov 24, 2024 2:47 PM UTC
Just go to Journal Entry and perform the below entries.
Example :
Owners Equity A/C 1 $450Cr.
Owners Equity A/C 2 $600Cr.
Owners Equity A/C 3 $450Cr.
Retained Earnings A/C $1500
That's it.