Hi: thanks! we are an LLC and everything i have read says expenses and income close out and retained earnings is recorded. So do I use a journal voucher for ret...
thanksIn doing further research, there was a loan taken to start the business. I do not see any liability for the loan. I see the deposit into the checking acco...
what if the entry was done last year and done incorrectly? Some of the funds came from a loan from a family member. Do I set up a liability for the family loan?...
