[GNC] Reconciling credit card

[Michael or Penny Novack]

>
> The other question is why does expenses:travel have 'rebate' as a 
> column heading?? 


Because you asked gnucash to show you supposedly more user friendly 
column headers instead of the formal "debit" and "credit". In other 
words, you chose that option (or accepted that default). But IMHO if you 
have to ask why is it showing as "rebate", didn't turn out to be so user 
friendly after all.

For an account of type "expense" and increase in balance is a debit, a 
decrease in balance a "credit"  << the normal state of the balance of an 
account of type expense is "debit" >>

Let me give you an example. On date X you bought a Y for Z using your 
credit card. So that transaction recorded as a debit to expense and a 
credit to credit card. When X arrived, you tried it on, and did not fit, 
so you sent it back as a return (when they receive it will reverse the 
charge on your credit card). So THAT transaction you record as a debit 
to credit card and a credit to X expense. Now that was a return, not a 
rebate, but what is important is that it go into the column that formal 
accounting would title "credit" no matter what column title the 
application has put these (because of your choice to use other than formal)

Michael D Novack