[GNC] accounting for the market value of a fixed asset
David Cousens
davidcousens at bigpond.com
Sun Aug 5 22:36:08 EDT 2018
Stephen,
The translation from your simpler reply to my more complicated treatment
lies in the classification of Income and Expense accounts as temporary
Equity accounts whose values are transferred into a permanent Eqity account
as a profit or loss at the end of the accounting period and the expanded
accounting equation Assets=Liabilities +Equity+Income -Expenses
David.
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David Cousens
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