equity

[Dave Peticolas]

"Michael P. Soulier" writes:
>     Ok, hopefully this question is a little better. 
> 
>     Lets say I open a bank account with a $1000 balance. So, I transfer from
> an equity account for that. Then, I have a student loan of $10000, and I
> transfer from equity for that. So, my equity accounts would look like:
> 
> equity
>     |
>     --- Retained Earnings:  -$1,000
>     |
>     --- Retained Losses:    $10,000
> 
>     This is correct I hope, as the equity balances should be the opposite sig
> n
> to the opposing accounts?
> 
>     So, that makes my equity balance +$9,000. How do I interpret that? It's
> positive, so it looks good, but I know it's bad. ;-)

For more reasonable signs, go to the Settings dialog, General section
and choose 'Credit accounts' for reversed-balance account types.

dave