Adrien, A Retained earnings account will be created under Equity and at the start of a new book/file it is appropriate that its value is zero until transactions from the Asset and Liability accounts to the Income and Expense accounts have been made.
The information about Assets and Liabilities carried forward into the new book is only the balances, not any detail of how those balances are arrived at. What is retained about that is normally reflected in the account structure. permanent assets will likewise have a opening balance. There are no opening entries to Equity other than the Opening Balances until you start creating transactions. Capital transactions being funded from equity and operating transactions funded from equity via the temporary accounts. 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.
