question about category of the account

Ian K ik522000 at yahoo.co.uk
Sun Jan 15 06:13:55 EST 2012


Are you crediting the account with more than you owe?
Being a liability account, GnuCash displays money you owe as positive
(black), i.e. as you 'spend' money on the credit card, the liability balance
increases. If you 'pay off' the credit card liability, transferring money
from an asset account, then both the positive asset and the liability will
decrease.
If you start from zero balance in the credit card account, and transfer from
an asset account, you will decrease the asset, but create a 'negative
liability', so the creedit card account will display a negative balance.

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