[GNC] When closing books, equity statement report is incorrect

Michael or Penny Novack stepbystepfarm at comcast.net
Wed Jan 3 16:28:55 EST 2024


On 1/3/2024 1:19 PM, Quinn Wood wrote:
> On Wed, Jan 3, 2024, 09:13 Michael or Penny Novack <
> stepbystepfarm at comcast.net> wrote:
>
>> Although I am NOT "qualified" to give advice I will give one example
>> related to the above to show not free to do just any old thing. If keeping
>> books for a corporation, as soon as the Directors declare a dividend, it
>> becomes a liability.
>>
>> BTW, I disagree things like "how to keep books for a corporation" belongs
>> in a gnucash wiki. We are NOT "qualified" to be giving this sort of
>> accounting advice. And in any case, these things can vary somewhat by
>> jurisdiction.
>>
> You already give advice on how to keep books on the wiki.

HUH?  I have made NO contributions to the wiki content.

Michael D Novack




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