Accounting for Starting a company with investment

[Dr. Praveen Bhatia]

Hi,

  Lets take this scenario. 

1. 2 Persons A&B make total investment of 50000 (cash) $ and 50000 $ worth computers to start a company. 
2. Shares are 100,000 at $1 par value
3. Person A get 25,000 shares for investing $25000 into company
4. Person B get 75000 shares for investing $25000 in cash, and $50,000 as computers (equipment)

How is this represented in Tryton and proteus? I was unable to locate equity/equipment recording mechanism Journals/Accounts in Tryton. 

Also I could not understand where the Liabilities are reported in Tryton in the Financial menus. 

[Cédric Krier]

On 2016-10-05 09:57, Dr. Praveen Bhatia wrote:
> Hi,
> Lets take this scenario.
>

> 1. 2 Persons A&B make total investment of 50000 (cash) $ and 50000 $

> worth computers to start a company.

> 2. Shares are 100,000 at $1 par value
> 3. Person A get 25,000 shares for investing $25000 into company
> 4. Person B get 75000 shares for investing $25000 in cash, and $50,000

> as computers (equipment)
>
> How is this represented in Tryton and proteus? I was unable to locate
> equity/equipment recording mechanism Journals/Accounts in Tryton.

I do not think we need such mechanism. You can just create a accounting
move using the proper account.
And I do not know if it is allowed to dematerialize the book of shares.

> Also I could not understand where the Liabilities are reported in Tryton in
> the Financial menus.

You should see it in your Balance Sheet.

--
Cédric Krier - B2CK SPRL
Email/Jabber: cedric...@b2ck.com
Tel: +32 472 54 46 59
Website: http://www.b2ck.com/