Net Assets again
Linas Vepstas
linas@linas.org
Wed, 5 Dec 2001 16:29:26 -0600
On Tue, Dec 04, 2001 at 11:55:30PM +0100, Lars Burgstahler was heard to remark:
> Hi,
>
> and thanks for the help I got with my last question. However, I'm still
> confused about Net Assets. New example:
>
> I create a completely new file and chose "Common Accounts" as a base for my
> file in the druid. All my accounts are empty!
>
> Now I get 200,-EUR from my parents. O.k. the money must come from somewhere
> and it comes from Income->GiftsReceived and it must go somewhere, so it goes
> to Assets->CurrentAssets->CashInWallet. First question: is that correct?
yes.
> But now I got a Net Asset of 400,-EUR
yes, you now have 400 eur.
> and a gain of 400,-EUR.
yes, because you are 400 eur richer than you were last month.
> Sorry, but I don't get it. Any help would really be appreciated.
'assets' is what you have at any instant in time.
'income' is how things change over time.
--linas
--
pub 1024D/01045933 2001-02-01 Linas Vepstas (Labas!) <linas@linas.org>
PGP Key fingerprint = 8305 2521 6000 0B5E 8984 3F54 64A9 9A82 0104 5933