Dear all,
I have a question that confusing me for a long time. My friend told me that
Assets should
always equal to Liabilities plus Equity. Since she is in a career finance, I
think she is
right. But recoding like the following will broke the principle of
"Assets=Liabilities+Equity".
2009/04/30 CCB
Expenses:School Card ¥100.00
Expenses:Cash ¥900.00
Expenses:Annual Fee:CCB ¥10.00
Assets:Savings:CCB
Is Ledger using a principle other than the one that the main stream is using?
Or I'm
doing anything wrong?
Best wishes,
Wei-Wei