Incomplete records: how to deal with them?
Sun, 17 Sep 2000 14:27:30 -0700
Al Snell writes:
> On Sun, 17 Sep 2000, Dave Peticolas wrote:
> > > Ehr, I think I got lost midway through your explanation... my problem
> > > is that the original portion is outside the scope of my accounting, it
> > > was bought before. Perhaps another ad-hoc equity account? (I did this
> > > way and it looks fine)
> > That's basically what equity accounts are for :)
> IMHO the manual could do with more clarification on that... the
> description of income/expense accounts is good, the equity section looks
> incomplete in comparison :-)
Yes, we hope to have a much more complete manual for the next major
> I treated my company's share capital as a transaction from an equity
> account to the cash account - does that sound about right?
It sound right to me. Caveat: IANAA (I am not an Accountant) :)