question on how to handle A/R's and excess cash/income
Derek Atkins
warlord at MIT.EDU
Wed Dec 24 10:41:06 EST 2008
hendrik at topoi.pooq.com writes:
>> > Second question: We lost track of 25 bucks and I'd like to place this
>> > somewhere so it doesn't show up as red... hehe. where should this be
>> > classified then? I mean, we have an excess of 25 in our wallet which
>> > could not be traced back anymore.
>>
>> Income:Windfall ?
>
> Imbalance?
No, imbalance is never the right place for anything.
If the Imbalance account exists it's only because you failed to
properly balance your transactions to a real account.
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-derek
--
Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
warlord at MIT.EDU PGP key available
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