Re:Accounting For Developers, Part I
by balderdash on Thursday August 18, 2022 @09:08AM
(#32509087)
To be a little pedantic, the beauty of double entry is that you can actually see that you DON’T get richer by paying down your mortgage (or poorer - also excluding the effect of lowered future interest payments), you’re just shrinking your balance sheet (by reducing an asset (cash) and a liability (loan) by the same amount)
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