[GNC] Can someone tell me how A-L=Eq+(I-Ex) is correct?

[David Carlson]

When you are trying to extend the over-simplified formula you need to add
terms for income expense and retained income to name a few.  I do not know
the name of a good reference to help you.

On Sun, Aug 28, 2022 at 5:39 PM W. Neal Lewis <wnlewis at southwind.net> wrote:

> I will agree that by mathematical logic, Assets-(Liabilities)=Equity. ∴
> Assets+(Liabilites)-(Liabilities)=Equity+Liability, or stated more
> simply, A=Eq+L. I have added Liability to both sides ∴ both sides remain
> equal.
>
> However, although (A+L)=Eq, (A+L)≠Eq+(I+Ex). I have added a term to the
> right side that is most decidedly not on the left ∴ they cannot be equal.
>
> ∴ A and L must be terms that include other factors.
>
> Not good at accounting, I will ask what those other factors are.
>
> I want to use GnuCash but I am having trouble getting my mind to accept
> an equation that is not correct unless terms are redefined.
>
> Please help me with my (obviously) incorrect understandings.
>
> Thank you,
>
> Neal Lewis
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-- 
David Carlson