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faq: edits

This commit is contained in:
Simon Michael
2024-04-11 11:44:48 -10:00
parent 74de87ad04
commit fbf670c55e

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@@ -84,7 +84,10 @@ You'll see it written in different ways, eg:
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).
(In personal accounting, an imbalance in the accounting equation isn't necessarily a problem, and most people don't bother checking it.)
(In practice a balanced accounting equation isn't essential for personal accounting, and most people don't check it.)
- [Wikipedia](https://en.wikipedia.org/wiki/Accounting_equation)
- [Investopedia](https://www.investopedia.com/terms/a/accounting-equation.asp)
### What are balanced transactions ?
@@ -98,9 +101,6 @@ PTA apps and other double-entry bookkeeping software enforce balanced transactio
Note, balanced transactions does not imply a balanced accounting equation.
Both of these can help detect errors, but balanced transactions is a higher priority.
- [Wikipedia](https://en.wikipedia.org/wiki/Accounting_equation)
- [Investopedia](https://www.investopedia.com/terms/a/accounting-equation.asp)
### In english, should I call it Revenue or Income ?
"Revenue" is more often used in business, and more precise;