Equity Question

[cyclontzy]

I just looked through search on this topic but couldn't find anything
specific to what I'm wondering, sorry if I missed something.

So basically, at the end of monthly period, if I have no liabilities, and
all profits during that period have already been distributed.  So at months
end all I have left is current assets in the form of checking account.  So I
transfer that amount in the equity:starting balances.  And then start a new
month then transfer Equity:Starting balances back into checking?  Is this
right?


Thanks !



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