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If an owner gives personal tools to the business, how is the transaction recorded?

If an owner gives personal tools to the business, how is the transaction recorded?
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4 votes
If an owner gives personal tools to the business, how is the transaction recorded?

asked
User Ryan Lyu
by
8.7k points

1 Answer

5 votes

As an additional investment by the owner recorded on the basis of fair market value.

answered
User Fabiano
by
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