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tina28
Level 1
‎August 30, 2020 07:37 AM

Current Assets (cash) in balance sheet doesn't reduce after I recorded an "expense" and selected the fixed account. Fixed account does show in the balance sheet. Help?

The fixed account shows correctly in the balance sheet, but the current asset (bank / cash) doesn't show the reduction. For instance: Current Asset (bank account) 1000 USD. Then, purchase 200 USD Asset. Now the balance sheet shows 1000 USD bank + 200 USD fixed asset = 1200 USD total assets. How to change this?
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