Hi Adrein, I apologise if my comment appeared a bit flippant. The intention of my comment about choosing any name was really that the actual name is less important than the structural aspect of it being an asset account. The general expectation would be that an investment in a business would hopefully be an asset rather than a liability otherwise it would be very unwise to make the investment in the first place.
As long as the name is descriptive of the function of the account, then as Liz has pointed out, it can be easily renamed should your accountant wish to use a name that fits better with local accounting/legislative practice. The beauty of standardized names is however that one can quickly make sense of and understand a balance sheet or profit and loss statement produced by someone else which is important for public accounting but perhaps less of an issue for one's own personal accounts. Cheers David -- View this message in context: http://gnucash.1415818.n4.nabble.com/Where-to-record-business-equity-in-your-personal-books-tp4692248p4692274.html Sent from the GnuCash - User mailing list archive at Nabble.com. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org 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.