by Steve H
(Anchorage, Alaska)
For a sole proprietorship, do I need to set up a cash account/capitol account or is owner's equity basically the same thing? They both equity accounts correct?
IE: My quickbooks program doesn't have a cash account or capitol account listed in the chart of accounts (I can add one if needed). The chart of accounts does have owners equity listed.
Thanks, Steve
Comments for Chart of Accounts Cash vs Equity
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