Comments on: Understanding Accounting Basics (ALOE and Balance Sheets) https://betterexplained.com/articles/understand-accounting-basics-aloe-and-balance-sheets/ Math lessons that click Thu, 25 Sep 2025 16:46:51 +0000 hourly 1 By: Shane https://betterexplained.com/articles/understand-accounting-basics-aloe-and-balance-sheets/#comment-568392 Thu, 25 Sep 2025 16:46:51 +0000 http://betterexplained.com/articles/understand-accounting-basics-aloe-and-balance-sheets/#comment-568392 Thanks, explain very clear!

]]> By: Criston Sloan https://betterexplained.com/articles/understand-accounting-basics-aloe-and-balance-sheets/#comment-567516 Tue, 11 Jun 2019 17:40:21 +0000 http://betterexplained.com/articles/understand-accounting-basics-aloe-and-balance-sheets/#comment-567516 Great fundamental explanation, thank you.
It may assist also to point out that your nominal account balances (Income & Expenses) are zeroed and transferred to Owner's Equity at the end of the financial year (Income increases Equity whilst Expenses decrease it), thereby keeping the ALOE equation intact. One might not realise this at first, because it does not seem that Equity is involved in these transactions when processing them, if one just looks at the accounts involved.

]]> By: Yash Arora https://betterexplained.com/articles/understand-accounting-basics-aloe-and-balance-sheets/#comment-567438 Thu, 28 Mar 2019 04:31:47 +0000 http://betterexplained.com/articles/understand-accounting-basics-aloe-and-balance-sheets/#comment-567438 In reply to Kay.

can you share the link for Jim's article ?

]]> By: Faheem Ahmad https://betterexplained.com/articles/understand-accounting-basics-aloe-and-balance-sheets/#comment-567276 Sun, 11 Nov 2018 19:05:32 +0000 http://betterexplained.com/articles/understand-accounting-basics-aloe-and-balance-sheets/#comment-567276 omg

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