Equity:Opening Balances question

Dale Alspach alspach at math.okstate.edu
Mon Aug 9 22:42:40 EDT 2004


Opening balances equity is your net worth (or at least that portion of your
net worth) that you are going to use as a starting point. By using the
accounting system you will be able to track changes in your net worth. The
system can only do that if it knows what your net worth is when you started
using the system.


Dale Alspach


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