> (the company wins a lottery draw) The correct transaction is "+1000 cash, -1000 equity" In the end it will come to that (when the books are closed) but to be

> (the company wins a lottery draw) The correct transaction is "+1000 cash, -1000 equity" In the end it will come to that (when the books are closed) but to be able to generate correct income statements you may need to create some kind of income account for that gain. > (It's sort of as if the owners actually got the money, and loaned it to the business). But it's not really the same thing.