describe what it means to be classified as hybrid
between personal and business credit.
CAN SOMEONE PLEASE HELP ME I WOTE SOMETHING ON IT BUT I GET IT
WRONG.
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describe what it means to be classified as hybrid between personal and business credit. CAN SOMEONE...
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Need help recording transaction. I have a business and took out a personal loan to keep my business a float. On 01/15/2020 the loan has a balance of 150k. My bank agrees to let me put this personal loan on the business and they buy out the other lender. This transaction is as follows: Operating Account (Cash account/Asset): Debit of 150k (Because the bank gave me $150k cash) Bank loan (Liability): Credit of 150k (Because the business now has a...