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faq: updates

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Simon Michael
2024-04-11 10:33:09 -10:00
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@@ -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]]