Hello Christopher As a non-accountant (although I pretend to be one sometimes) I can't figure out Dr/Cr except that Dr=left,Cr=right.
As a non-accountant, this simple way of looking at it may help with understanding Debits and Credits. You always Debit the receiving account and credit the parting account. So, for example, If you run a cash business and you bank $100, the bank received the money and you parted with goods or services which are called Sales, so you Debit Bank and Credit Sales. If you have a Debtors system then this same transaction would be Debit Bank (receiving the money) and Credit the Debtor (parting with the money). This simple test can be applied to any transaction and it works every time. You will soon become used to the logic involved. Hope this helps. Neil [email protected] _______________________________________________ gnucash-user mailing list [email protected] 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.
