debits, credits and reversals.
warlord at MIT.EDU
Mon Aug 29 11:53:47 EDT 2011
cscott at cix.compulink.co.uk (Colin Scott) writes:
>>From time to time I need to reverse a transaction, for a number of
> possible reasons. Gnucash insists that to make the reversing transaction
> I must use a debit amount to replace the credit, and a credit amount to
> replace the debit. So far so good. However, It seems to me that the
> purpose of the transaction it would be clearer if I were able to reverse
> the sign of the values rather than their colums - ie, enter a negative
> credit and a negative debit instead of a debit and a credit.
> Is there some deep philosophical (or book-keeping!) reason why this is so,
> and that negative values are not permitted except as balances? I have
> certainly been able to use negatives in other accounting systems I have
> used ...
Yes. Internally GnuCash does not have a separate "debit" or "credit"
value. It has a single "amount" which is positive or negative, and that
turns into the appropriate debit or credit (in the appropriate left or
right column) depending on the account type and +/- sign of the amount.
That's why you cannot have a "negative debit" (or neg-credit) -- gnucash
does not keep track of in which column you entered your number. The
column just applies a default +/- value to the "amount".
Hope this helps,
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Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
warlord at MIT.EDU PGP key available
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