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August 15, 2020
Question

We run a partnership business and would like to record the purchase price of the business as partner's equity. How to pass the entry in Quickbooks online >

The equity would be equally shared between both the partners

1 reply

Level 1
August 15, 2020

Hi @josephamy74 , make up a journal dr cash cr aa's equity, bb's equity, cc's equity. Comment back, cheers.