Translation error: Passive := Equity + Liability missing in english accounting; was: Equity vs liability

Wols Lists antlists at youngman.org.uk
Thu Aug 12 19:27:49 EDT 2010


 On 12/08/10 18:31, Frank H. Ellenberger wrote:
> Hi,
>
> Am Donnerstag, 12. August 2010 um 16:46:47 schrieb Paul Schwartz:
>> Gnucash [and traditional US/English bookeeping] have 3 categories/types of
>> accounts: assets/liabilities/equity.
> traditional != US/English bookeeping
>
Nitpick - that's not what the OP meant.

"traditional" is not an adjective describing US/English book-keeping,
rather "traditional US/English" is an adjectival phrase describing
book-keeping.

In other words, in English, the OP meant "the traditional way of keeping
books in Britain and America".

Cheers,
Wol


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