39 karma · joined August 6, 2018
But the Russian narrative would be that Viktor Yanukovych was ousted by the Ukraine Parliament in 2014 in what Putin described as a "coup". So Moscow will allege that any president from a future election is illegimate.
Just listened to the Trump press conference, it seems Machado won't be involved in the US-led transition government. He said she is deeply unpopular in Venezuela and it wouldn't work. Conversations are developing between Sec.State Rubio and Venezuela VP Delcy Rodriguez who is Acting President.
This situation feels messier by the minute.
I don't like how Trump has unilaterly decided this extreme of an action, but at the moment I am glad that this didn't fail like it did in Ukraine. I am still worried about what the aftermath will lead to. I don't think peace and democracy is having a particularly winning record at the moment.
I think this is a perfectly succint explanation for people who have trouble grasping the double entry system. Because they are usually stuck thinking in terms of "move 100 from X to Y". And its hard to get them to think in terms of "subtract 100 from X and add 100 to Y".
The author messed up by charactizing edges as one way transactions because in that moment he is only looking at the movement of cash. When he switches to edges being two transactions, he is now recognizing that the exchange of cash leads to the recognition of equities and liablities.
If you give your startup $5000 in cash, you expect to have $5000 in equity on the company books. When you charge to a credit card to buy food, you spend $13 buying food and paid $5 to your creditor so you still owe $-8 in liablities.
>Paying my landlord is "obviously" a transaction from my banking account (negative) into their banking account (positive). How it becomes four transaction is,the magic bit glossed over.
The magic of double entry is that you are only taking into account how your transaction affect your own balances. Thats why you need two entries, If you only debit your own account for rent, you would have a non-balanced set of books which would indicate that something is really wrong. So that why you have to credit Rent expense which is an account that doesnt track an actual balance in your bank account but a running total of all your rent expense for the year.
In the wikipedia example, you have your own set of accounting books and the landlord has his own set of books. That is how there are four entries, but you as an indivdual would only see and deal with your own double-entry.
Recheck your math the left two balances is actually 505.
5,000
-4,495
=====
0505
its (4,495) not (4,995)So it all balances out, which is what accountant actually do but intstead of choosing any two disjoint sets. Specific nodes are grouped into either Assets or Liablities+Equity. Essentially group all the accounts with negative balances and all the accounts with positive balances into another set. Which in this case is 5008 and -5008.
Cash $200 - Debit
COGS $100 - Debit
Inventory $100 - Credit
Revenue $200 - Credit
Yes, the journal entries don't immediatly show the profit as an explicit line item. But once closing entries are done, an income statement can be created that essentially shows the change in value of all your accounts for a certain period. In the income statement, profits would be calculated.https://immigrationforum.org/wp-content/uploads/2019/06/Fact...