Thanks Ross & David C

On Wed, Oct 2, 2024 at 3:43 PM David Cousens <davidcousen...@gmail.com>
wrote:

> Edit->Preferences->Accounts->Labels  make sure "Use formal accounting
> labels" is checked.
>
> On Wed, 2024-10-02 at 13:25 -0400, David Warren wrote:
>
> Chris's actual question was important to me.
>
> Does the code actually do something different for different 'types' of
> assets/liabilities?  If so, what?
> Given the answer, is there a way to turn off all of that Increase/Decrease
> stuff and have gnucash simply say Debit/Credit in all headings instead, for
> those of us who don't want the 'assistance'/user presentation.
>
> On Tue, Oct 1, 2024 at 7:42 PM Chris Miller via gnucash-user <
> gnucash-user@gnucash.org> wrote:
>
> Hi R,
>
> Isn't that just a bit like stating that "your brother is a person,
>
> and your
>
> wife is a person, so what's the difference? They are all persons?" I
>
> would
>
> suggest that there is a difference <grin>.
>
>
> Yes. Exactly. What is it? -- not your biology ridicule, but the original
> question I asked. Does GnuCash treat "Cash", "Bank", and "Asset"
>
> differently,
>
> or are these just "shortcuts" for users that don't realize that, as far
>
> as
>
> accounting is concerned, assets are assets?
>
>
> My point is that your brother and your wife are a sub-category of the
>
> higher
>
> class "person" (or "human").
>
>
> ... and Klaatu lands his ship and asks, "What is reason for the
> difference? They are both human.".
>
> "Cash", Bank" and "Asset" are all assets and I don't know why it is
> worthwhile to make that distinction among different "sexes" of assets, so I
> asked. The question is less ridiculous than your response.
>
> What do you mean by "differently"? Just by having different sub-classes,
>
> they
>
> are treated "differently"?
>
>
> If I wasn't clear, the question was, "Cash is an asset. What makes it a
> special kind of asset, justifying a special type of account?" The answer
> is, "Nothing". It is not a special type of account; it is a special case of
> user presentation.
>
> As I noted, the column headings are different (if you are not using
>
> formal
>
> accounting labels) and the list of types are different -- those are
> "differences", but perhaps not quite what you're looking for.
>
>
> Where did you note this? My first encounter was from Ross Reedstrom, and
> it is actually the answer to my question. They are treated differently to
> compensate for users with little or no accounting sophistication
> --
> Chris.
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