[GNC] accounting for the market value of a fixed asset

[Stephen M. Butler]

On 08/05/2018 07:36 PM, David Cousens wrote:
> 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. 
>

Sometimes I cut too much off in my haste to get to the bottom line!  :-)

-- 
Stephen M Butler, PMP, PSM
Stephen.M.Butler51 at gmail.com
kg7je at arrl.net
253-350-0166
-------------------------------------------
GnuPG Fingerprint:  8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8