How do I show that an account or an asset is only 50% mine
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Jill_7845098
Member Posts: 1 ✭
I have Personal 2016 and I want to show that some of my accounts and assets are only 50% mine when it calculates my net assets. How do I do that ?
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Comments
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One approach would be to journal 50% of the value of the asset in question as an equity account of the 'other' party.
If you attempt to reduce the asset by 50% you're risking losing control of the actual value of the asset itself (as opposed to the equity held by another party).
Gary
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Ok I will give that a go. Thankyou.
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