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BizIPEsq.
BizIPEsq., Attorney
Category: Business Law
Satisfied Customers: 996
Experience:  I am a business attorney. I represent individuals and companies with all business related matters.
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Regarding the owners personal balance sheet: Owner purchased

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Regarding the owners personal balance sheet: Owner purchased a home with his fiance and put 68k in as his 1/2 of the finances. I do not have access to the loan docs, and the finance are kept separate, so would I book this amount as an asset on his balance sheet?

BizIPEsq. :

Hello, thank you for requesting me.

Customer:

sorry I meant to say he put 68k in as his 1/2 of the down payment.

BizIPEsq. :

Generally speaking, if the money was used to purchase real estate then the money is accounted as an assets

BizIPEsq. :

typo: as an asset

Customer:

okay, that's what I thought- thanks again!

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