sole proprietorship with respect to my PERSONAL books?

[Michael Tsang]

On Thursday 14 February 2013 04:26:56 Paul Elliott wrote:
> But how should I view these transactions from the point of view of my
> PERSONAL books? When money disappeared from my personal bank accounts
> to start the business, what is the "other half" of that transaction on
> my personal books? When later money appears in my personal accounts
> from the business, what is the "other half" of those transactions?

According to what I learn in university, the business is an asset under your 
personal books. When you put money into the business, debit your business and 
credit your bank account; when you get money from the business, debit your 
bank account and credit your business.

Regards,
Michael