Difference in Equity and Assets (checking a/c)
Hossain
contacthossain at gmail.com
Mon Sep 14 03:54:21 EDT 2015
Hello, I m very new to GnuCash, I need some clarifications.I m confused
about Equity.
I have 1000$ in checking a/c (parent-Assets). I make a transaction at Income
for 200$ (Assets:Current Assets:Current Account) but
it doesnt increase my- opening balance(parent-Equity). IT only
increases checking a/c (parent-Assets)
to 1200$. As far as I knw, Equity is what I have in total, then why is
this 200$ not added to Equity?
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