Share your insights or perspective on the financial matter presented in the input.

Double-entry bookkeeping: When selling an asset, does the money come from, Equity or Income?
It's better to use the accounting equation concept: Asset + Expenses = Capital + Liabilities + Income If you purchase an asset: Suppose you purchased a laptop of $ 500, then its journal will be: If you sell the same Laptop for $ 500, then its entry will be: