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. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
