I look on it as: Net Worth = Equity + Assets - Liabilities where Equity is softer assets like the value of a business if sold, but Assets are solidly accounted balances owed to you. Of course, a negative Liability is as good as a positive Asset, but accounts are stuck with their category as Asset or Liability with an assumed sign against Net Worth.
I am sure this will upset the properly trained accountants! _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
