faq: updates
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src/FAQ.md
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src/FAQ.md
@@ -82,6 +82,22 @@ Equity = Assets - Liabilities
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Assets = Liabilities + Equity + Revenue − Expenses
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You can check the accounting equation for your accounts by inspecting an ALE balance report
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like [`hledger bse`](https://hledger.org/dev/hledger.html#balancesheetequity).
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(In personal accounting, an imbalance in the accounting equation isn't necessarily a problem, and most people don't bother checking it.)
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### What are balanced transactions ?
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A transaction where the sum of inflows is equal to the sum of outflows
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(or with the signed number convention described below: where all of the posted amounts sum to zero),
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confirming that no money appeared or disappeared.
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PTA apps and other double-entry bookkeeping software enforce balanced transactions to help prevent errors
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(sometimes with [exceptions](https://hledger.org/dev/hledger.html#virtual-postings) for special circumstances).
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Note, balanced transactions does not imply a balanced accounting equation.
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Both of these can help detect errors, but balanced transactions is a higher priority.
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- [Wikipedia](https://en.wikipedia.org/wiki/Accounting_equation)
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- [Investopedia](https://www.investopedia.com/terms/a/accounting-equation.asp)
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