The Accounting Game lemonade stand in ledger-cli

General
1

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!

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2

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]

3

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
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