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How to journal if one partner contribute share less than his actual share amount?

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Question added by MUHAMMED SAIFUDHEEN , General Accountant , Genomedia studios LLC
Date Posted: 2018/03/26
Majdi Shomali
by Majdi Shomali , Owner , SHOMALI Certified Public Accountants

You should book the actual amount paid as capital, and add a disclosure in the financial statements to show the actual total shares, and amount paid by each partner. 

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