And I tend to be too long winded!
-
David Cousens
--
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On 08/05/2018 07:36 PM, David Cousens wrote:
> 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
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
John,
Note: Any comments here are just illustrations of how such matters are
generally handled and do not constitute specific accounting advice.
Legislation applying in your jurisdiction may differ from mine and you
should consult an accountant in your jurisdiction for such advice and not
rely on
On 08/05/2018 07:06 AM, BOSCH John(J) - BRUCE POWER wrote:
> Hi: I'm having trouble setting up the accounts to reflect the scenario below:
>
> Fixed asset = 2015 Pickup truck purchased in June 2015 for $62000
> Liability = Current outstanding loan amount = $38000
> ?? = Current market value of
Hi: I'm having trouble setting up the accounts to reflect the scenario below:
Fixed asset = 2015 Pickup truck purchased in June 2015 for $62000
Liability = Current outstanding loan amount = $38000
?? = Current market value of the truck = Approx $45000
Since I'm just starting to use GNUcash I
