[GNC] Changing from one year to the next

[Stan Brown (using GC 4.14)]

On 2026-01-20 18:14, Adrien Monteleone wrote:
> Asset & Liability are not normally 'closed' in any case.
> 
> The purpose of 'closing' Income/Expense was because those were special
> cases of Equity, existing for the purpose of Income/P&L reporting at the
> end of the period. 'Closing' them merely facilitated resetting their
> balance to zero for the next period's reporting.
> 
> You don't do that with Assets & Liabilities. They remain on the Balance
> sheet until sold or discharged.

Total(Period) for Assets and Liabilities is the amount of change,
positive or negative, during the current period -- just as it is for
Income and Expenses. I'll bet the same is true for Equity accounts too,
but I haven't posted anything to any Equity account so far this year.

Stan Brown
Tehachapi, CA, USA
https://BrownMath.com/