Bank is a type of asset account defined by GnuCash. Other types of asset accounts defined by GnuCash include Stock, Mutual Fund, Cash, and the generic Asset.
According to gnucash-guide.pdf: > GnuCash treats account types Stock and Mutual Fund the same. and > GnuCash treats account types Cash, Bank and Asset the same. Based on those statements, my guess is, aside from the distinction between (stock, mutual fund) and the other types of asset accounts, the account types are there mainly for cosmetic purposes. Perhaps the labels and icons are helpful for the user to keep mental tabs on accounts. As for why Investments don't fall into Equity, David Cousens already gave an excellent explanation earlier. I'll only add that it's understandable that people would be tripped up by this particular terminology because, in the personal investment world, the term "equity" is often used to describe common stock which represents partial ownership in a publicly traded company. _______________________________________________ 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.
