setting up a car loan

[Phil Frost]

On Thu, Feb 10, 2011 at 07:36:50AM -0800, Harold wrote:
> I have used GnuCash for a few years but have never utilized a lot of
> its capabilities. I am not an accountant but understand some basic
> accounting practices. I use version 2.2.9 in a Ubuntu distro.
> 
> In trying to set up the accounts for my car loan. I have the loan
> amount, the original amount before down payment, and the interest
> rate. When I go to set up the liability account for the loan and get
> to the 'Opening Balance' tab, I get confused about the 'Transfer
> type'. What do I need to use there?
> 
> [...]

Have you seen the documentation at:
http://code.gnucash.org/docs/guide/loans_CarLoan.html