>>>>> On Fri, 23 Jun 2000 18:04:32 -0500, Richard Wackerbarth
>>>>> <[EMAIL PROTECTED]> said:
Richard> On Fri, 23 Jun 2000, Rob Walker wrote:
Bill> This is basically like a Quicken category; as you get more
Bill> paychecks, the balance of the account will increase and you can
Bill> see the total of your salary income.
>> Isn't there a "magic" account which keeps getting bigger and
>> bigger, like "equity" or something like that?
Richard> That all depends on your expenses. For some people, it gets
Richard> smaller and smaller. :-)
wow, that would suck, if GAAP said that your equity was getting lower
and lower and worth less and less. "the numbers would say you are
worthless now, mr. walker"
Richard> Actually, income and expenses get "closed" at the end of the
Richard> accounting period by transferring their balance to the equity
Richard> accounts. Some programs continuously do this "virtually" as
Richard> of the present time.
oh, greeaaaatttt....
i can't make up my mind, do I have one accounting period which ends
when I die, or do I have one per calendar year (thakn you mr. Federal
Treasury and their Revenue arm)?
rob
--
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