Please bear with the 2367345836th newcomer :)

[David Harrison]

On 6/17/05, Andrew Sackville-West <andrew at farwestbilliards.com> wrote:
> 
> 
> Paul Schwartz wrote:
> 
> >
> > That's good except you have Db and Cr reversed [I
> > think].
> >
> > IANAA
> >
> > Paul Schwartz
> 
> 
> which will always plague this list for all eternity.
> 
> I was going to differ with you here, but I realise that its not worth it
> as IANAA either and its just too much to watch two non-accountants
> argue. I'm sure that we could sell tickets to actual accountants for
> lurking on this list and laughing all the way to the bank...
> 
> cheers
> 
> A

I'll be the first to buy one, too!! lol

Here is a link to the Wiki where I explain (or at least attempt to)
the difference between Dr and Cr.

http://gnomesupport.org/wiki/index.php/GnuCashFaq#Q:_What_are_debits_and_credits.3F

Basically, increases in Revenues, Liabilities, and Equity are Credits.
 While increases in Expenses and Assets are Debits.  Decreases in each
are the inverse.

-- 
David Harrison, BAccS, CGA