[GNC] Debit & Credit headings

Derek Atkins derek at ihtfp.com
Wed Apr 8 08:59:30 EDT 2020


Nope.  Most likely they are wrong in your mind because you learned them
from bank and CC statements, which are *backwards* to you.

A Bank account is an Asset to you, but to your bank it's a Liability!  So
Debits and Credits are backwards between your view and the Bank's view.

Please go read the Tutorial and Guide which explains this.

-derek

On Wed, April 8, 2020 8:44 am, Robert Masding wrote:
> They seem to be the wrong way round? Have I done something wrong in the
> setup?
>
>
>
> *Rob*
>
> *Robert Masding*
>
>
>
> *+44 (0)7707 985 379   +44(0)1392 791 428*
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-- 
       Derek Atkins                 617-623-3745
       derek at ihtfp.com             www.ihtfp.com
       Computer and Internet Security Consultant



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