liability accounts

[Michael P. Soulier]

    *sigh* I'm supposed to transfer from the loan _into_ the equity, right? I
think I have it now. 

    Damnit Jim, I'm a programmer not an accountant!

    Mike

On Tue, Apr 10, 2001 at 09:54:47PM -0400, Michael P. Soulier wrote:
>     Hey people. I think I have everything set up now, except for one thing. 
> 
>     I currently have an outstanding balance on my student loan that I'm paying
> off. So, I looked in the help files, and it states that this should be
> represented by a liability account. So, I created one to represent my student
> loan. I transferred the opening balance from my retained losses equity
> account, and there was then a positive value in the liability account. This
> looked fine to me. However, when I make a transfer from my bank account into
> the liability account, the balance goes up instead of down. Not exactly what I
> wanted. ;-)
> 
>     What am I doing wrong?
> 
>     Thanks,
> 
>     Mike
> 
> -- 
> Michael P. Soulier <msoulier@storm.ca> 
> "With sufficient thrust, pigs fly just fine. However, this is not necessarily a
> good idea. It is hard to be sure where they are going to land, and it could be
> dangerous sitting under them as they fly overhead." -- RFC 1925
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-- 
Michael P. Soulier <msoulier@storm.ca> 
"With sufficient thrust, pigs fly just fine. However, this is not necessarily a
good idea. It is hard to be sure where they are going to land, and it could be
dangerous sitting under them as they fly overhead." -- RFC 1925