Re: Opening balances

[linas]

It's been rumoured that John Hasler said:
> 
> The equipment is also an asset, and you own it free and clear, so you treat
> it similarly to the cash: debit 'Assets:Equipment' $15,000 and credit
> 'Equity' $15,000.

As John point out, we've got a bit of a sign problem; this becomes
terribly obvious when the transfers are to the equity account.  We'll
fix that real soon now.

--linas


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