On 2021-12-09 07:23, Dr. David Kirkby wrote:
> 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? The company does not owe you any money. You said money would flow from the company to you, as a loan. When you get a loan from the bank, do you say that the bank owes you money? Of course not. The loan is an asset on their books and a liability on yours. It is the same when the company lends you money as when the bank lends you money: an asset to the bank and a liability to you. -- Stan Brown Tehachapi, CA, USA https://BrownMath.com _______________________________________________ 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.
