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Evidently Brenda is not available as you question was returned to the "Q".
My name is***** and I can try to assist you if you wish. OR you can wait for Brenda to return.
Just let me know.
One Question first:
When you say "Stock assets" are you talking about Inventory or holding "Stock" (shares) in another Company?
I take it that you aren't keeping a regular set of books, general ledger, etc.
If you have assets and no liabilities then the offset to recording an asset on your balance sheet would go to the Partners' capital accounts, just like the partnership income that is retained in the partnership.
I'm not sure how you are making the Balance Sheet balance with whatever other assets (cash) that you have recorded?
Are you using the Capital Accounts?
Do you have any additional follow-up questions?
If not, please remember to rate my response as that is the only way we receive credit for our work.
Thanks very much,