[GNC] I need basic help

[Edward Bainton]

If I can add my own beginner’s 2ç:

One breakthrough came for me when I realised  that the statement of
financial position is basically a catalogue of what would happen if you
were to die* right now.

All that’s owed to you (debits) gets given to others (credits).

Your net position is always zero: as they say, you can’t take any of it
with you.



*Or if your company were liquidated.


On Sun, 22 Oct 2023 at 19:21, Stan Brown (using GC 4.14) <
stan+gc at fastmail.fm> wrote:

> On 2023-10-22 10:42, Adrien Monteleone wrote:
> > I am also of the opinion that hiding or obfuscating terms and concepts
> > is not the solution.
>
> +1
>
> It usually makes things harder not easier, as this very thread has
> illustrated at great length.
>
> Stan Brown
> Tehachapi, CA, USA
> https://BrownMath.com/
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