Equity

69 Results For Equity

Equity

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Entering account opening balances - AccountRight and AccountEdge

…When you enter an account opening balance, the amount is balanced against the Historical Balancing equity account (the sum of all values entered via Account Opening Balances as described above). Please speak…

Partnerships

…the Profit/Loss Distribution window. Setting up equity accounts for the partnership When a company file is created it automatically creates two equity accounts: * 3-8000 Retained Earnings (previous years…

Distributions to Trust beneficiaries

…period if using 13 periods to distribute income to the beneficiaries. Debit the Retained Earnings equity (3-0000) account and Credit the beneficiaries- Liability (2-0000) accounts. Notes: * Method 2 will…

Recording unrealised currency gain/loss

…associated with the asset account. If the account is a liability or equity account If the report shows a currency gain for a liability or equity account, credit the Unrealised Currency Gain/Loss account and…

Glossary of accounting terms

…liability and equity accounts. It is called a balance sheet because the total value of the asset accounts minus the total value of the liability always equals the total of the equity accounts. Budgets…

Glossary of accounting terms

…liability and equity accounts. It is called a balance sheet because the total value of the asset accounts minus the total value of the liability always equals the total of the equity accounts. Budgets…

Statement of Cash Flow report

…accounts that are classified as Investing. D This section details changes in Asset, Liability and Equity accounts that are classified as Financing. E This section details changes in Asset accounts that…

Recording a business expense where a proportion is for non-business use

…and link the accounts for Tax Collected and Tax Paid to your Private Usage/Drawings (or similar) equity account. Note that the account used for drawings is only a sample. Please contact your accountant…

Glossary of accounting terms

…liability and equity accounts. It is called a balance sheet because the total value of the asset accounts minus the total value of the liability always equals the total of the equity accounts. Budgets…

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Glossary of accounting terms

…liability and equity accounts. It is called a balance sheet because the total value of the asset accounts minus the total value of the liability always equals the total of the equity accounts. Budgets…