If I start a company, become its director, and put in £100, what account should that be filed under?
I imagine the account should be an income type account. But I do not know what to call it. It's not a loan, as the company has no obligation to pay me back.
Presumably, the £100 debits the current account (asset type account).
Apologies if this is trivial, but as I have no experience in accounting, I'm not sure what common practice nor common terminology should be.