Assets or Liabilities?

[Derek Atkins]

Davey Benson <the.lounge at btconnect.com> writes:

> Mike or Penny Novack wrote:
>> Davey B wrote:
>>
>>> Hi, just started playing with Gnucash and was wondering if funds 
>>> brought to a business by Directors should show as equity or 
>>> liabilities and also how you deal with the imbalance on the 
>>> originating transaction?
>>>  
>>>
>> Davey,
>>    Questions like this aren't about GnuCash but are about law and 
>> accounting and any answer requires far more knowledge about ......
> (snip)
>
> Yep, I now realise that and fully take on board what you say. Techy 
> issues only ;)

I'll note that there ARE accountants on this list, but generally
it's more about using gnucash and some basic accounting issues
than about specific law-related questions.

> Thanks
> Davey

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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