Where to record business equity in your personal books

[Adrien Monteleone]

I’ve been web searching to no avail on this one. It seems every result assumes the perspective of the company’s books when answering this question. I’m trying to find out what account to use for personal books.

Let’s take an example of Bob and Company ABC.

Bob seeds Company ABC with $1000 startup capital.

In Company ABC’s books the entry looks like this:

Dr.	Cash		$1000
Cr.	Owner’s Equity		$1000

But what is the entry for Bob’s personal books? This shouldn’t be an expense. Shouldn’t this be some sort of asset? It’s an investment on his part.

Dr. 	????		$1000
Cr. 	Cash 			$1000

A similar situation would be Bob buys some equipment for the company using his own funds.

Company ABC’s books look like this:

Dr.	Fixed Assets	$5000
Cr.	Owner’s Equity		$5000

But from Bob’s perspective, I only have half the transaction:

Dr.	????		$5000
Cr.	Cash			$5000

A third scenario - Bob pays for a business expense, but doesn’t want a re-imbursement right away, he wants to increase his equity in the company:

Company ABC’s Books:
====================
Dr.	Expense		$100
Cr.	Owner’s Equity		$100

In Bob’s Books:
===============
Dr.	????		$100
Cr.	Cash			$100

None of these seem to be a Stock, Bond, CD, Note, Loan, etc.

Are there no special or conventional terms for asset accounts that exist as equity in a company? (your own or even someone else’s) I should think this is so common of an entry to have its own name than simply “Other Long Term Investment."

Thanks in advance,
Adrien