Spending Category Report

[Derrick Hudson]

On Fri, Jan 04, 2008 at 07:26:09PM -0800, JUNIPER wrote:
| That does it! Thank you. (I suspect I asked the same question last 
| year). Itemized expenses being available via "income statement" fooled 
| me. I should have focussed on the word "expense" as in "Income and expense."

This is as I learned in Accounting 101.  I really didn't understand
those statements before I took the class, but now they make perfect
sense.

"Income Statement"
    - shows the balance of all Income and Expense accounts
    - concludes with "Net Income" (difference between income and expense)

"Balance Sheet"
    - shows the balance of all Asset and Liability accounts
    - concludes with "Net Worth" (difference between assets and liabilities)

HTH,
-D

-- 
Trust in the Lord with all your heart and lean not on your own
understanding; in all your ways acknowledge Him, and He will make your
paths straight.
        Proverbs 3:5-6
 
www: http://dman13.dyndns.org/~dman/            jabber: dman at dman13.dyndns.org
-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Type: application/pgp-signature
Size: 189 bytes
Desc: Digital signature
Url : http://lists.gnucash.org/pipermail/gnucash-user/attachments/20080105/079cb4f0/attachment.bin