Stephen, The translation from your simpler reply to my more complicated treatment lies in the classification of Income and Expense accounts as temporary Equity accounts whose values are transferred into a permanent Eqity account as a profit or loss at the end of the accounting period and the expanded accounting equation Assets=Liabilities +Equity+Income -Expenses
David. ----- David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
