, November 23, 1999 8:08 AM
> To: [EMAIL PROTECTED]
> Subject: Re: standard terms + philosophy + RE: equity accounts
>
>
> On Tue, 23 Nov 1999 04:50:14 CST, the world broke into rejoicing as
> "Rob Coker" <[EMAIL PROTECTED]> said:
> > Actually, an accou
Christopher Browne writes:
> From the Trial Balance Point Of View, that turns into a perspective where
> everything adds to 0.
Shouldn't "debits + credits = 0" be an assertion in the code? Surely it
should be impossible to make an unbalancing entry.
--
John HaslerThis posting is
On Tue, 23 Nov 1999 04:50:14 CST, the world broke into rejoicing as
"Rob Coker" <[EMAIL PROTECTED]> said:
> Actually, an accountant does not expect liabilities to appear negative, but
> positive. Accounting (at least in US) follows the principle:
>
> Assets = Liabilities + Capital(Equity)
That
