[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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