Difference in Equity and Assets (checking a/c)

[Maf. King]

On Tue 15 September 15 18:03:27 Hossain wrote:
> Why is salary an income for a business ? Its an income for individual.
> The business pays for salary, it shud be expense in business account.
> 

Hi Hossain,

I don't recall you making clear if you were using GC to keep personal books or 
business books.

Regardless,  the example was just that - an example.  It doesn't really matter 
if you call the income salary (to personal books) or sales (to business 
books), the principle is the same.

0.02
Maf.