GNU Cash - Profits

[James Kerr]

On Saturday 21 February 2009 Sam Morris wrote:

> On Sat, 21 Feb 2009 10:02:17 +0000, Peter Jones wrote:
> > Good morning,
> >
> > Could anyone explain how the 'Profits' figure is worked out which
> > appears on the bottom of the accounts screen? I have looked on
> > the help screens and can not find the answer.
>
> It's probably something like: assets - liabilities - assets at year
> start + liabilities at year start
>
> But that's just a hunch, I haven't read the source code. :)
>

On my system presently it's equal to Income minus Expense, but I have 
a relatively simple set-up (for personal accounts only) and don't 
really pay much attention to that item.

Jim