Profit-centre accounting?

[Edward Doolittle]

On 5 February 2015 at 12:32, Jan Steinman <Jan at ecoreality.org> wrote:

>
> I guess I never tried Income nor Expense because of the cognitive
> dissonance of picking an arbitrary one of two opposites. But if I think of
> "Income" and "Expense" as just different categories of (possibly negative)
> equity, it's much easier to understand. Thanks for the detailed explanation.


I think it might be more symmetric (though more dissonant, to some) to put
the profit center's income and expenses under an equity account, but I just
tried it and it doesn't work.

-- 
Edward Doolittle
Associate Professor of Mathematics
First Nations University of Canada
1 First Nations Way, Regina SK S4S 7K2

« Toutes les fois que je donne une place vacante, je fais cent mécontents
et un ingrat. »
-- Louis XIV, dans Voltaire, Le Siècle de Louis XIV, Chap. XXVI