Re: [GNC] The type of trading accounts

2020-10-17 Thread Adrien Monteleone
They show up in their own section if I'm not mistaken. While the original question is interesting, I wonder how practical the answer is. Regards, Adrien On 10/17/20 11:58 AM, Stan Brown wrote: And of asset accounts. One way to determine whether its expense account or an asset account is to

Re: [GNC] The type of trading accounts

2020-10-17 Thread Stan Brown
On 2020-10-17 04:42, Gal wrote: > 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.

[GNC] The type of trading accounts

2020-10-17 Thread Gal
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