Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Double-entry bookkeeping: When selling an asset, does the money come from, Equity or Income?
There are basically two approaches, based on how detailed you want to be in your own personal accounting: Obviously the more like a business or like "real" accounting you want to be, the more complex you can make it, but in general I find that the purpose of personal accounting is (1) to track what I own, and (2) to ensure I have documented anything I need to for tax purposes, and as long as you're meeting those goals any reasonable approach is workable.