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The most confusing transaction in any ledger will be your equity account—because starting balances can’t come out of nowhere.
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Ledger: Command-Line Accounting
pples 15 Gold 3 Steaks EverQuest:Inventory Next: Dealing with Petty Cash, Previous: Accounts and Inventories, Up: Principles of Accounting with Ledger [Contents][Index] 3.6 Understanding Equity <span>The most confusing transaction in any ledger will be your equity account—because starting balances can’t come out of nowhere. When you first start your ledger, you will likely already have money in some of your accounts. Let’s say there’s $100 in your checking account; then add a transaction to your ledger to


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