Debit/Credit vs. Deposit/Withdraw in Edit->Preferences [was Applying Scheduled Payment Kills Program]

[Gregg Fowler]

On Wed, 2006-01-25 at 18:52 -0600, Dale Alspach wrote:

> Someone posted something like this to this list a while ago
> as an easy way to remember:
> 
> Money flows from credit to debit.
> 
> Examples:
> 
> (money flows left to right in these)
> 
> Pay cash for a meal
> 
> credit account asset:cash and debit account expenses:food
> 
> Pay your credit card bill by check
> 
> credit account asset:checking and debit account liabilities:credit card
> 
> Get paid and deposit into checking
> 
> credit account income:job and debit account asset:checking
> 
> Buy a shirt using a credit card
> 
> credit account liabilities:credit card and debit account expenses:clothing
> 
> Dale Alspach
> 
> 
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Thanks, these explanations do make it more clear. I will get used to the
terminology. 

Gregg
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