Thank you for your help. I will wait for the penny to drop. I do not wish to wait to thank you until that happens!
Best regards, Uttam From: Adrien Monteleone <adrien.montele...@gmail.com> To: <gnucash-user@gnucash.org> Sent: 10/05/2017 1:02 AM Subject: Re: Total Liabilities & Equity entry in default Balance Sheet report Uttam, The report is likely correct. Assets = Liabilities + Equity You are telling us that: 37k = 121k That’s impossible. What you really have is this: Assets (37k) = Liabilities (79k) + Equity (-42k) or 37k = 37k Which is a true statement and means your books are in balance. Regards, Adrien > On May 9, 2017, at 6:26 PM, Uttam Chakravorty <ut...@uc4linux.co.uk> wrote: > > Dear All I would appreciate some advice regarding the entry "Total > Liabilities & Equity" at the bottom of the default Balance Sheet report. > > The situation I am dealing with is: > The business assets total 37k.It is in negative equity with losses brought > forward of 42k.It's short and long term liabilities total another > 79k.Therefore 'Total Liabilities & Equity' should surely be 121k, whereas the > Balance Sheet reports 37k. > > I hope I have not missed something obvious and am wasting your time, > therefore I offer in advance my thanks and apologies in equal part. I am > merely curious. > > Uttam > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
