Re: enforcing balanced books

2011-03-17 Thread Michael Farnbach
I'm interested in your question, I'm not sure what you mean by balancing. I only know it by very simplistic terms. In these simplistic terms, technically neither would balance given the other's equation. (Ledger: Assetts+Liabilities=Equity: Accounting Assets-Liabilities=Equity, no?) Because the

Re: enforcing balanced books

2011-03-16 Thread Simon Michael
Thanks for the examples, they are interesting. I haven't yet seen the balanced transactions that could unbalance the accounting equation in the simple arithmetic sense, ie allowing all signs. I see how an accounting program could catch and disallow balances of unusual/unexpected sign in accounts