Does a trading account, i.e. an account of type "Trading" that was auto created by the system, acts like an income account or like an expense account?
On one hand the concept behind this account type classifies it as an income account: https://www.mscs.dal.ca/~selinger/accounting/tutorial.html "By convention, gains are recorded positively and losses negatively, and therefore a currency trading account is a kind of income account." The tutorial also classifies it as an income account by its placement and sign in the accounting equation: https://www.gnucash.org/docs/v4/C/gnucash-guide/currency_trading_accts.html Assets = Liabilities + Equity (+ Income -Expenses) + Trading But on the other hand, when I open a trading account register, I see that money coming into the account (debit) is increasing its balance, and money going out of the account (credit) is decreasing the balance, but this is the behavior of expense accounts. -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
