Depreciation
linas@linas.org
linas@linas.org
Tue, 20 Mar 2001 18:11:14 -0600 (CST)
It's been rumoured that ghaverla@freenet.edmonton.ab.ca said:
>
> Okay, I gave this Account a name of "Owner Equity", and it
> is of type "bank". It's description is
Hmm, to avoid naming confusion, I think you want to have
"equity" accounts be marked as type "equity", not "bank".
In partiucular, this will help when you go to generate a report.
(Note, the opening balance of a bank account should be represented
as a transfer from 'equity' to the bank. All other transfers
to/from the bank should be to income/expense/asset/etc accounts)
--linas