question about category of the account

[barking at gmx.com]

Just a note: settings can be changed to display things differently (Edit 
 > Preferences > Accounts > Reverse Balanced Accounts). I prefer to see 
liabilities and expenses in red, so I have 'Income and expense' checked.



On 15/01/2012 11:13, Ian K wrote:
> 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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