Under what accounting head should this account be created?

nosherwan nosherwanh at gmail.com
Tue Jul 14 08:51:03 EDT 2015


oh! I got it! nice example colins!
so I'm putting them under assets!

ok, this was the case if someone casually lends me money.

What should I do if some of my relatives gives me money for a mutual
investment.

for example me and another family member of mine pool in money to buy a
property as an investment. and when the price goes up and we sell it. then
we will share the profit.



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