gnucash-docs maint: Credit does NOT decrease equity accounts
Frank H. Ellenberger
fell at code.gnucash.org
Wed Aug 27 19:14:41 EDT 2014
Updated via https://github.com/Gnucash/gnucash-docs/commit/a561ae6c (commit)
from https://github.com/Gnucash/gnucash-docs/commit/08684228 (commit)
commit a561ae6cc51d46461dcc028205df2cd40a97ece6
Author: Frank H. Ellenberger <frank.h.ellenberger at gmail.com>
Date: Wed Aug 20 10:32:21 2014 +0200
Credit does NOT decrease equity accounts
http://en.wikipedia.org/wiki/Debits_and_credits#Aspects_of_transactions
Improve explanation
diff --git a/guide/C/ch_basics.xml b/guide/C/ch_basics.xml
index d9e3a43..fc614d5 100644
--- a/guide/C/ch_basics.xml
+++ b/guide/C/ch_basics.xml
@@ -184,8 +184,10 @@
<para>Common use of the words <emphasis>debit</emphasis> and <emphasis>credit</emphasis>
does not match how accountants use these words. In common use,
<emphasis>credit</emphasis> generally has positive associations; in accounting,
- <emphasis>credit</emphasis> is associated with decreases in asset,
- expense and equity accounts.</para>
+ <emphasis>credit</emphasis> means <emphasis>affecting the right side of an account</emphasis>
+ and is associated with decreases in asset and expense,
+ but increases of income, liability and equity accounts.</para>
+ <para>For more details see <ulink url="http://en.wikipedia.org/wiki/Debits_and_credits"></ulink>.</para>
</warning>
</sect2>
Summary of changes:
guide/C/ch_basics.xml | 6 ++++--
1 file changed, 4 insertions(+), 2 deletions(-)
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