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by ncmcctreasurer
Mon Jan 31, 2022 12:22 pm
Forum: Accounting
Topic: Reset up of accounts and mortgage
Replies: 9
Views: 6842

Re: Reset up of accounts and mortgage

That's great, but...how would we record changes in the Building Equity (Non restricted assets) without overstating Expenses? When and how would you record the 01-3110-000 PPE Building Property Cr = amount of Principal payment/s What balances on the Dr side if you don't overstate income by recording ...