Long Term Investment

Any non-Tax accounting topics go here.
#1
Posts:
1
Joined:
10-Aug-2020 3:06pm
Location:
Wyoming
Hello,

I have 12 people/companies that are investing in gravel production. the gravel company pays 1 company monthly for the distribution. What i need to know is, the gravel company is paying just one of the companies a lump of what's owed. How do I record this on the balance sheet if i am trying to make this a long term investment?
 

#2
Posts:
1716
Joined:
28-Jul-2017 12:08pm
Location:
Somewhere out there...
Need to explain in more detail what is going on, it is completely unclear if you are talking about a loan structure or some sort of deposit, or a pre-payment of money towards extraction from a gravel pit, or something else

For example, I can’t tell from your post whose balance sheet you’re working on
 


Return to General Accounting



Who is online

Users browsing this forum: No registered users and 9 guests