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 reflect this amount.
Where will the money come from? The answer: your equity.
10/2 Opening Balance Assets:Checking $100.00 Equity:Opening Balances
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Ledger: Command-Line Accountingf Accounting with Ledger [Contents][Index] 3.6 Understanding Equity The most confusing transaction in any ledger will be your equity account—because starting balances can’t come out of nowhere. <span>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 reflect this amount. Where will the money come from? The answer: your equity. 10/2 Opening Balance Assets:Checking $100.00 Equity:Opening Balances But what is equity? You may have heard of equity when people talked about house mortgages, as “the part of the house that you own”. Basically, equity is like the value of something. If Summary
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