Balancing prohibition

Basic rule according to which debts may never be offset against assets; both must always be shown separately from each other; see Section 246 HGB. Similarly, expenses may not be offset against income, nor may real estate rights be offset against encumbrances on real estate. – See Balance.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/