Proprieter's COntributions and Drawings

Dave Peticolas dave@krondo.com
Sat, 31 Mar 2001 13:20:59 -0800


Bell John writes:
> I have submitted this question before without
> receiving an answer.  In the context of a sole
> proprieter business how should the proprieter's
> contributions and drawings be represented?  My
> understanding of normal accounting practice is that
> these would be transactions between an Equity Account
> on one side and a Bank, Cash, or Asset Account on the
> other.  However, gnucash does not seem to use Equity
> Accounts for anything other than initial and carried
> forward balances.  What is the correct way to
> represent these transactions in gnucash?

You can use Equity accounts for those, too.

dave