[GNC] Default to Plain English instead of Debit and Credit
Michael or Penny Novack
stepbystepfarm at comcast.net
Sat Jul 1 08:55:15 EDT 2023
On 7/1/2023 12:00 AM, flywire wrote:
> Is it CR or DB? Who knows, toss a coin:
> https://bugs.gnucash.org/show_bug.cgi?id=798964
>
> An interesting list of accounts adapted from a comment with an `*` next to
> the main account types:
Easy to tell which column is debit and which credit. The debit column is
to the left of the credit column no matter what the type of the account.
Now whether debit or credit is an increase or decrease does depend on
the fundamental account type. The fundamental types are asset,
liability. and equity. For example, account types income and expense are
of fundamental type equity (temporarily holding amounts that would go to
equity if you did a "close the books")
You can use the "user friendly" alternatives that change depending on
the specific account type But do note that when helping I will usually
speak in terms of debit and credit. I learned in the old days of pen and
ink on accounting lined paper,
Michael D Novack
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