The modern rule is just "credit the giver, debit the receiver," which my tuition master shouts like a bus conductor. Capital is a credit because the business "owes" it back to the owner. Honestly, I'm only sure of this because I picture my father putting his savings into our little garden shop—his hope is the biggest liability on our books. Now, if only these ledger balances felt as real as the jasmine smell from my window.
#startups#business
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