Dear I have a query. The budget equation, as I know it, is like assets = liabilities + Equity. Why in the system uses this equation
Assets + Liabilities = Equity
It is possible to select this format in the Balance Sheet edit screen (Layout).
Dear, I know that, but what I want to know is what I use and based on what I specify
As far as I know it is legitimate to use either format in most situations, unless a specific regulation requires a defined layout.
ok dear thank you
The choices do not include Assets + Liabilities = Equity. It is Assets - Liabilities = Equity:
Yes, I am sorry he was wrong writing but the question
How can I choose between them! What determines that
This is an option when defining a Balance Sheet report in the Reports tab. That report is the only thing affected in Manager by this choice.