On Thu, 9 Dec 2021 at 13:57, Stan Brown <the_stan_br...@fastmail.fm> wrote:
> Reminder: The normal thing is to reply to the GnuCash list, not to > individual people who post. > > On 2021-12-08 15:49, Dr. David Kirkby wrote: > > Liabilities -> Accounts Payable -> Director Loan. > > It's not a liability to the company. It will become an asset (to the > company) when it is paid out, and the asset will be extinguished when > the loan is repaid. > I can't understand why you say it's not a liability, when the company owes money to someone else? How is it any different to owing money on a credit card for example? Stan Brown > Dave _______________________________________________ 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.
