Old Assets / Liabilities

[Michael DeBusk]

On 02/04/2010 11:43 AM, Ian Miller wrote:

> Just wondering what is the preferred method for retaining data about
> old assets and liabilities (e.g. loans that have been paid off, or
> credit cards that you no longer have)?

After the account is effectively closed, I mark it as read-only
("placeholder"). After I close my books for the year, I mark it as
hidden. It stays where it is, but I can't change it or see it.

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