The Accounting Game lemonade stand in ledger-cli

Hey y'all :raising_hand_man:

As a way of learning ledger-cli, I implemented the transactions from chapter 1 of 'The Accounting Game' book in ledger-cli.

However, I have a question about how to record expenses. I've posted my question here:

Thought I'd share here in case anyone has any suggestions.

Thanks!

It's often hard to get much traction for PTA questions over there. It looks like you are getting answered, but if not feel free to cc the question here.

[Related topic: PTA on money.stackexchange.com]

My answer is quite a bit different from yours, @dharmatech. You've mistakenly considered "Owner's Equity" to be a "Liability". It isn't; it is a separate category.


2024-04-25 Initial Investment
    Assets:Cash              USD 5.00
    Equity:Investment       USD -5.00

2024-04-26 Mom and Dad | Investment
    Assets:Cash                                 USD 10.00
    Liabilities:Notes-Payable:Mom-and-Dad      USD -10.00

2024-04-27 Pappy's Grocery Store | Supplies  ; 60 glasses' worth of inventory
    Assets:Inventory:Lemons       USD 10.00
    Assets:Inventory:Sugar         USD 2.00
    Assets:Inventory:Water         USD 0.00
    Assets:Cash                  USD -12.00

2024-04-28 Lemonade Stall | Inventory Used  ; 50 glasses made
    Expenses:Cost-of-Goods-Sold       USD 10.00
    Assets:Inventory:Lemons           USD -8.33
    Assets:Inventory:Sugar            USD -1.67

2024-04-28 Lemonade Stall | Sales  ; 50 glasses sold
    Assets:Cash                       USD 25.00
    Income:Lemonade-Stall:Sales      USD -25.00

2024-04-29 Mom and Dad | Glass Rental
    Expenses:Glass-Rental        USD 2.00
    Assets:Cash                 USD -2.00

2024-04-29 Best Friend | Advertising
    Expenses:Advertising        USD 1.00
    Assets:Cash                USD -1.00

2024-04-29 Neighbour | Advertising & Rent
    Expenses:Rent        USD 2.00
    Assets:Cash         USD -2.00

2024-04-29 Mom and Dad | Investment | Repayment
    Liabilities:Notes-Payable:Mom-and-Dad       USD 10.00
    Assets:Cash                                USD -10.00

2024-04-29 Booking of Weekly Profits
    Equity:Earnings-Week-to-Date      USD -10.00
    Income:Lemonade-Stall:Profit       USD 10.00