[GNC] Change a batch of transactions from income to Expense

[David T.]

David, 

I am not sure why you say that the documentation lacks a description of debits and credits; I am sure you are aware of section 2.1 of the Guide, which goes into some detail about this precise issue. 

David T. 

 
 
  On Fri, Jul 5, 2019 at 3:32, David Cousens<davidcousens at bigpond.com> wrote:   Alan,
The guide has an introductory session. The present version doesn't have a
full explanation of the way 
accountants use debits and credits but the next version will. You will find
a pretty good explanantion on Wikipedia and a few other sites. Look up
Double Entry, Debits and Credits with Google. In short form

Debits  increase the balance of Asset and Expense accounts
Credits decrease the balance of Asset and Expense accounts
Credits increase the balance of Liability, Equity and Income accounts
Debits decrease the balance of Liability, Equity and Income accounts

For an individual transaction  the sum of debits = sum of credits

Davdi



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David Cousens
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