[GNC] Confusing language of money direction in headers of Scheduled Transaction Editor Template Transaction
Fred Bone
Fred at mandfb.me.uk
Tue Dec 17 05:50:32 EST 2024
On 16 December 2024 at 22:35, Chandler Sobel-Sorenson said:
> Guys, this is funny because literally no one speaks like this. I've also
> been using GnuCash for years and never been confused like this before.
>
> Stan Brown (using GC 4.14) wrote on 12/16/24 4:25 PM:
> > Assets and Expenses: Debit increases, credit decreases
> > Liabilities, Equity, and Income: Credit increases, debit decreases.
>
> This part is interesting. If this is how CPA's describe it, so be
> it. For us common folk we mostly only talk about Assets and Liabilities,
> and we talk about them backwards I guess!
>
> A credit to my bank account (asset) is money in, increasing the
> value.
Of course it isn't.
If you pay money into your bank account, the bank OWES you that money.
It's a DEBIT.
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