P3: party totals by what moved the money, once (defects 14, 11, 24)
Each party's part of an entry is signed as its own account would show it, with a direction and its cash and in-kind amounts; a reversal is its original negated. Totals on a cash or all basis: for a member, all equals the members' equity statement and cash the K-1's cash. Money is cash, cards and the financing accounts, and a liability credit never pays its own creditor (creditor_of), so accruals and declared distributions count once. tin_last4 from the TIN or W-9 facts. Co-Authored-By: Claude Opus 5.5 <noreply@anthropic.com> Claude-Session: https://claude.ai/code/session_01T3gXMVt7XJPi6ens1or9Dj
This commit is contained in:
swaitsandClaude Opus 5.5 committed
1 parent
06347159f0
commit
52555262a8
9 files changed
+1415
-20
No files matched your search
@@ -0,0 +1,240 @@
|
||||
# P3 defect 24 and wanderbooks rules.md B-35 item 6: a credit to a
|
||||
# liability the company owes a party itself never counts as paying that
|
||||
# party. Regression test: ledger-core tests/spec_party_totals.rs
|
||||
# defect24_a_credit_to_a_partys_own_liability_never_pays_it. The shape:
|
||||
# bookspec/README.md.
|
||||
|
||||
id = "p3-party-own-liability-never-pays"
|
||||
title = "A credit to what the company owes a party itself never pays it"
|
||||
rule = """
|
||||
A party may be named the creditor of the liabilities the company owes it
|
||||
itself: a card's issuer, a loan's lender, each member for what the
|
||||
members advanced. For an entry naming it, a credit to one is a promise,
|
||||
not a payment: a fee on the issuer's own card, equipment bought on the
|
||||
seller's own note, a distribution credited to what the members are owed.
|
||||
It counts when it is paid. Property a member contributes subject to a
|
||||
loan counts at its value net of the loan, in kind.
|
||||
"""
|
||||
status = "AUTHORITY"
|
||||
sources = [
|
||||
"Helvering v. Price, 309 U.S. 409, 412-413 (1940): a promise to pay, even a secured one, is not payment (wanderbooks docs/spec/sources/helvering-v-price-1940.md)",
|
||||
"Treas. Reg. §1.704-1(b)(2)(iv)(b)(2): property contributed, net of liabilities the partnership takes it subject to (docs/spec/sources/irs-capital-accounts.md)",
|
||||
"DECISION (owner, 2026-10-20): a liability credit never counts as paying that liability's own creditor (rules.md B-35)",
|
||||
]
|
||||
tags = ["parties", "creditors", "cards", "notes", "distributions", "members"]
|
||||
|
||||
[setup]
|
||||
currency = "USD"
|
||||
fiscal_year_start = "01-01"
|
||||
basis = "accrual"
|
||||
rounding = "half-even"
|
||||
cash_accounts = ["1000"]
|
||||
financing_accounts = ["2100", "2500"]
|
||||
|
||||
[[setup.accounts]]
|
||||
code = "1000"
|
||||
name = "Checking"
|
||||
type = "asset"
|
||||
|
||||
[[setup.accounts]]
|
||||
code = "1500"
|
||||
name = "Equipment"
|
||||
type = "asset"
|
||||
|
||||
[[setup.accounts]]
|
||||
code = "2050"
|
||||
name = "Business Card"
|
||||
type = "liability"
|
||||
|
||||
[[setup.accounts]]
|
||||
code = "2100"
|
||||
name = "Due to Members"
|
||||
type = "liability"
|
||||
|
||||
[[setup.accounts]]
|
||||
code = "2500"
|
||||
name = "Note Payable"
|
||||
type = "liability"
|
||||
|
||||
[[setup.accounts]]
|
||||
code = "3000"
|
||||
name = "Capital — Tobin Harlow"
|
||||
type = "equity"
|
||||
|
||||
[[setup.accounts]]
|
||||
code = "3001"
|
||||
name = "Capital — Morgan Ellis"
|
||||
type = "equity"
|
||||
|
||||
[[setup.accounts]]
|
||||
code = "6400"
|
||||
name = "Bank Fees"
|
||||
type = "expense"
|
||||
|
||||
[[setup.parties]]
|
||||
name = "Harbor Bank"
|
||||
roles = ["financial_institution"]
|
||||
creditor_of = ["2050"]
|
||||
|
||||
[[setup.parties]]
|
||||
name = "Lakeside Supply"
|
||||
roles = []
|
||||
creditor_of = ["2500"]
|
||||
|
||||
[[setup.parties]]
|
||||
name = "Tobin Harlow"
|
||||
roles = ["member"]
|
||||
creditor_of = ["2100"]
|
||||
|
||||
[[setup.parties]]
|
||||
name = "Morgan Ellis"
|
||||
roles = ["member"]
|
||||
creditor_of = ["2100"]
|
||||
|
||||
[[setup.members]]
|
||||
name = "Tobin Harlow"
|
||||
share = "0.5"
|
||||
capital_account = "3000"
|
||||
|
||||
[[setup.members]]
|
||||
name = "Morgan Ellis"
|
||||
share = "0.5"
|
||||
capital_account = "3001"
|
||||
|
||||
# 1. The issuer's fee on its own card: neither.
|
||||
[[events]]
|
||||
date = "2026-05-01"
|
||||
description = "Card fee"
|
||||
parties = [{ party = "Harbor Bank" }]
|
||||
lines = [
|
||||
{ account = "6400", side = "debit", amount = "25.00" },
|
||||
{ account = "2050", side = "credit", amount = "25.00" },
|
||||
]
|
||||
|
||||
# 2. The card paid off: paid to the issuer.
|
||||
[[events]]
|
||||
date = "2026-05-20"
|
||||
description = "Card payment"
|
||||
parties = [{ party = "Harbor Bank" }]
|
||||
lines = [
|
||||
{ account = "2050", side = "debit", amount = "125.00" },
|
||||
{ account = "1000", side = "credit", amount = "125.00" },
|
||||
]
|
||||
|
||||
# 3. A distribution to Tobin credited to what the members are owed:
|
||||
# still owed, counts as nothing.
|
||||
[[events]]
|
||||
date = "2026-06-30"
|
||||
description = "Distribution declared"
|
||||
parties = [{ party = "Tobin Harlow" }]
|
||||
lines = [
|
||||
{ account = "3000", side = "debit", amount = "200.00" },
|
||||
{ account = "2100", side = "credit", amount = "200.00" },
|
||||
]
|
||||
|
||||
# 4. It is paid: paid, money.
|
||||
[[events]]
|
||||
date = "2026-07-15"
|
||||
description = "Distribution paid"
|
||||
parties = [{ party = "Tobin Harlow" }]
|
||||
lines = [
|
||||
{ account = "2100", side = "debit", amount = "200.00" },
|
||||
{ account = "1000", side = "credit", amount = "200.00" },
|
||||
]
|
||||
|
||||
# 5. Equipment on the seller's own note: neither.
|
||||
[[events]]
|
||||
date = "2026-08-01"
|
||||
description = "Equipment on a note"
|
||||
parties = [{ party = "Lakeside Supply" }]
|
||||
lines = [
|
||||
{ account = "1500", side = "debit", amount = "900.00" },
|
||||
{ account = "2500", side = "credit", amount = "900.00" },
|
||||
]
|
||||
|
||||
# 6. A payment on the note: paid.
|
||||
[[events]]
|
||||
date = "2026-09-01"
|
||||
description = "Note payment"
|
||||
parties = [{ party = "Lakeside Supply" }]
|
||||
lines = [
|
||||
{ account = "2500", side = "debit", amount = "300.00" },
|
||||
{ account = "1000", side = "credit", amount = "300.00" },
|
||||
]
|
||||
|
||||
# 7. Equipment worth 1,000.00 Morgan contributes subject to 200.00 owed
|
||||
# on the note: 800.00 received, in kind (before P3: "paid 200.00").
|
||||
[[events]]
|
||||
date = "2026-09-15"
|
||||
description = "Equipment contributed with its loan"
|
||||
parties = [{ party = "Morgan Ellis" }]
|
||||
lines = [
|
||||
{ account = "1500", side = "debit", amount = "1000.00" },
|
||||
{ account = "2500", side = "credit", amount = "200.00" },
|
||||
{ account = "3001", side = "credit", amount = "800.00" },
|
||||
]
|
||||
|
||||
[[expect]]
|
||||
query = "party_part"
|
||||
entry = 1
|
||||
party = "Harbor Bank"
|
||||
values = { resolved = "-25.00", direction = "neither", cash = "0.00", in_kind = "0.00" }
|
||||
|
||||
# Before naming the issuer the card's creditor: 150.00.
|
||||
[[expect]]
|
||||
query = "party_totals"
|
||||
party = "Harbor Bank"
|
||||
basis = "all"
|
||||
from = "2026-01-01"
|
||||
to = "2026-12-31"
|
||||
values = { paid = "125.00", received = "0.00" }
|
||||
|
||||
[[expect]]
|
||||
query = "party_part"
|
||||
entry = 3
|
||||
party = "Tobin Harlow"
|
||||
values = { resolved = "200.00", direction = "neither", cash = "0.00", in_kind = "0.00" }
|
||||
|
||||
[[expect]]
|
||||
query = "party_totals"
|
||||
party = "Tobin Harlow"
|
||||
basis = "all"
|
||||
from = "2026-01-01"
|
||||
to = "2026-12-31"
|
||||
values = { paid = "200.00", received = "0.00" }
|
||||
|
||||
[[expect]]
|
||||
query = "party_part"
|
||||
entry = 5
|
||||
party = "Lakeside Supply"
|
||||
values = { resolved = "-900.00", direction = "neither", cash = "0.00", in_kind = "0.00" }
|
||||
|
||||
[[expect]]
|
||||
query = "party_totals"
|
||||
party = "Lakeside Supply"
|
||||
basis = "all"
|
||||
from = "2026-01-01"
|
||||
to = "2026-12-31"
|
||||
values = { paid = "300.00", received = "0.00" }
|
||||
|
||||
[[expect]]
|
||||
query = "party_part"
|
||||
entry = 7
|
||||
party = "Morgan Ellis"
|
||||
values = { resolved = "-800.00", direction = "received", cash = "0.00", in_kind = "-800.00" }
|
||||
|
||||
[[expect]]
|
||||
query = "party_totals"
|
||||
party = "Morgan Ellis"
|
||||
basis = "cash"
|
||||
from = "2026-01-01"
|
||||
to = "2026-12-31"
|
||||
values = { paid = "0.00", received = "0.00" }
|
||||
|
||||
[[expect]]
|
||||
query = "party_totals"
|
||||
party = "Morgan Ellis"
|
||||
basis = "all"
|
||||
from = "2026-01-01"
|
||||
to = "2026-12-31"
|
||||
values = { paid = "0.00", received = "800.00" }
|
||||
Reference in new issue
Block a user