60
Chart of Accounts
QuickBooks Pro for Windows: 2009
11/6/09 3:32 PM, Viewed by asker 11/17/09 6:37 PM
Total Views: 22
11/6/09 3:32 PM, Viewed by asker 11/17/09 6:37 PM
Total Views: 22
If I'm taking out from a bank account to give a loan to another company which is another DBA company of the first entity company, what type of account would it be in my Chart of Accounts?
All Replies: Answers (1)
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Answer
11/7/09 12:43 PM
let me make sure I understand the question. The second company is a division of the first? If this is correct than it isn't a loan, you can't give a loan to yourself, it is just a transfer of funds from one bank account to another. If it is a completely separate company than it is set up as a loan from your business under other current assets.
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