From f5ed10bfd373f71875b82f8ef3d055ec01c1e042 Mon Sep 17 00:00:00 2001 From: Simon Michael Date: Thu, 11 Apr 2024 10:33:09 -1000 Subject: [PATCH] faq: updates --- src/FAQ.md | 3 ++- 1 file changed, 2 insertions(+), 1 deletion(-) diff --git a/src/FAQ.md b/src/FAQ.md index f8b05b5..fb04310 100644 --- a/src/FAQ.md +++ b/src/FAQ.md @@ -167,6 +167,7 @@ If you are the lender, in your ledger it's an asset. Eg assets:loans:PERSON or a If you are the borrower, in your ledger it's a liability. Eg liabilities:debts:PERSON or liabilities:payable:LENDER. -If the loan is terminated without being fully repaid, eg by being forgiven, the remaining amount due becomes an expense or revenue. +If the loan is terminated without being fully repaid, eg by being forgiven, +in your ledger the remaining amount becomes an expense (if you are the lender) or revenue (if you are the borrower). - [[Borrowing and Lending]]