faq: edits
This commit is contained in:
10
src/FAQ.md
10
src/FAQ.md
@@ -71,16 +71,16 @@ Businesses usually merge Revenues and Expenses into their Equity balance at the
|
||||
|
||||
### What is the accounting equation ?
|
||||
|
||||
It is a simple formula that always holds true when bookkeeping is correct.
|
||||
A simple formula that always holds true when bookkeeping is correct.
|
||||
You'll see it written in different ways, eg:
|
||||
|
||||
Equity = Assets - Liabilities
|
||||
- Equity = Assets - Liabilities
|
||||
|
||||
Assets + Liabilities + Equity = 0 (using PTA's sign convention)
|
||||
- Assets + Liabilities + Equity = 0 (using PTA's sign convention)
|
||||
|
||||
Equity = Assets - Liabilities
|
||||
- Equity = Assets - Liabilities
|
||||
|
||||
Assets = Liabilities + Equity + Revenue − Expenses
|
||||
- Assets = Liabilities + Equity + Revenue − Expenses
|
||||
|
||||
You can check the accounting equation for your accounts by inspecting an ALE balance report
|
||||
like [`hledger bse`](https://hledger.org/dev/hledger.html#balancesheetequity).
|
||||
|
||||
Reference in New Issue
Block a user