[GNC] Rethinking the placeholder account concept (was: Re: Fwd: The two modules)

Christian Kluge frakturfreak at gmail.com
Sun Jul 1 15:18:52 EDT 2018


Am 01.07.2018 um 01:57 schrieb DaveC49:
> Stephen John, Geert
> 
> In accounting terms there are really only 3 basic account types:
>   Asset
>   Liability
>   Equity
> 
> These all *must *satisfy the basic accounting equation Assets=Liabilities
> +Equity.   
> 
> The two sides of this equation are what the German /European system defines
> as Activa and Passiva but these groupings are primarily reporting
> requirements not account heirarchy. Is there really a need to have an
> additional placeholder category as the reporting grouping can be readily
> defined from the existing basic account heirarchy structure?
> 

In the German system active and passive are seen as the fundamental
account types. In the end it leads to the same result, but I get your
point of view.

Hovever I would suggest make changes to the balance sheet report to be
able to produce European reports.

Regards,


Christian Kluge



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