cannot put an income account inside an equity account

[Mike or Penny Novack]

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>I cannot put an income account inside an equity account. Is this a bug? I am running gnucash 2.4.12
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>Regards,
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>Michael
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You are not supposed to be able to.

Fundamental double entry bookkeeping and its history.

In the earliest days (many centuries ago) income and expense 
transactions did not have their own account categories but were 
immediately posted against equity. That gave immediate feedback as to 
the current state of equity but zero information about income and 
expense. Then somebody got the bright idea of having temporary accounts 
of type income and equity and only closing them to equity every so often 
(either temporarily on a "trial" basis or for real with "close the 
books" for the period). That meant being able to see in detail the 
income and expense amounts and then the effect on equity at each end of 
accounting period.

With an application like gnucash you don't have to do all the work of 
those trial or for real closings as gnucash can generate the reports for 
you (the "profit and loss" for the specified time interval as well as 
balance sheets for the start and end of the period)

Michael