Accounting entry related to conversion of assets into stock

first answer is not wrong. do you know you can covert asset into wip as well

dr. wip

cr. rawmaterial

Ok so what I woke up on the wrong side of the bed

Dr. Equity

Cr. Inventory

This is when you have control over stock and inventory goes into wip mode

Now how did the ownership come, it's simple owner can do anything. 

Cr. Shareholder

Dr. Wip

In order to do that

Dr. Share holders equity

Cr. Share holder liability 

If you don't like your partners transact like below

Dr. Shareholder capital 

Cr. Shareholder liability

Who is best that me @ sabyasachi