=================================================================== RCS file: /cvs/pta/pta-accounts.5,v retrieving revision 1.3 retrieving revision 1.4 diff -u -p -r1.3 -r1.4 --- pta/pta-accounts.5 2020/10/04 13:00:24 1.3 +++ pta/pta-accounts.5 2020/10/04 13:50:48 1.4 @@ -1,4 +1,4 @@ -.\" $Id: pta-accounts.5,v 1.3 2020/10/04 13:00:24 schwarze Exp $ +.\" $Id: pta-accounts.5,v 1.4 2020/10/04 13:50:48 schwarze Exp $ .\" .\" Copyright (c) 2020 Ingo Schwarze .\" @@ -121,11 +121,11 @@ In the case of assets, these are values available to t or legal person doing the bookkeeping, no matter who ultimately owns them, like cash in the wallet or goods on the shelf, even if some of the goods have been bought on credit. -Assets are classified accourding to the physical or legal form +Assets are classified according to the physical or legal form they currently take. .Pp The sums of assets always equals the sum of equity and liabilities, -but in the case of equity and liabilites, this same sum is +but in the case of equity and liabilities, this same sum is subdivided according to who actually owns the values, and in which legal form, no matter in which physical form the value is currently available. @@ -144,7 +144,7 @@ or even more specifically, changes of retained earning Revenues represent increases of equity; expenses represent decreases of equity. .Pp -For example, buying an apple and eatiing it is an expense, +For example, buying an apple and eating it is an expense, reducing equity. On the other hand, buying twenty boxes of apples and displaying them for sale in a shop is not an expense