We are 3 partners who started a new business on 1st Oct 2016. Each partner contributed 15,000 to the business, but not as cash, but for various start-up costs such as Trade License, Website development, 1st 3 months office rent, printed materials, etc.
What is the correct way to show the contribution of different partners. Also, what is the correct way to allocate these expenses.
How to account future contributions for similar expenses?