Asset account for Share Transfer Issue

ERPNext Accounting
1

Hello,

I started a brand new company. We are three founders. I have 50, Bob has 49 and Jill has 1.

I am having trouble knowing which Equity and asset account to use for issuing of stock.

I assume the Equity/Liability Account would be “Capital Stock”.

What about the asset account?

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2

The answer is Cash or primary bank account by the way.