Anonymous
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March 11, 2019
09:08 PM
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Reports & Accounting
The detail type would depend on what the equity is for. If it’s a draw you would pick Owner’s Draw. If a corporation you may want Dividends. You may want to check with the accountant.
If you are influxing money into the business it would be a negative. Equity accounts have a natural credit position. If it’s a contra account it has a natural debit position. This should help you figure out whether the negative is correct.
If you are influxing money into the business it would be a negative. Equity accounts have a natural credit position. If it’s a contra account it has a natural debit position. This should help you figure out whether the negative is correct.