Equity Question

[Maf. King]

On Thursday 20 August 2009 06:15:23 dude man wrote:
> Hi Michael
>
>
>
> It displays the $1500 as the balance if the Equity account sub-tree (which
> I'm beginning to understand will never change)
> Am I correct to assume that this is just used as a staring point to
> determine whether I am making a profit or loss
>

Hi Chris,

Yep, that is a good way to think about the Equity accounts tree.

Maf.