[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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