Re: [GNC] The type of trading accounts
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 run a balance sheet and see if it shows up there. ___ 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.
Re: [GNC] The type of trading accounts
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. And of asset accounts. One way to determine whether its expense account or an asset account is to run a balance sheet and see if it shows up there. -- Stan Brown Tehachapi, CA, USA https://BrownMath.com https://OakRoadSystems.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.
[GNC] The type of trading accounts
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 convention, gains are recorded positively and losses negatively, and therefore a currency trading account is a kind of income account." The tutorial also classifies it as an income account by its placement and sign in the accounting equation: https://www.gnucash.org/docs/v4/C/gnucash-guide/currency_trading_accts.html Assets = Liabilities + Equity (+ Income -Expenses) + Trading 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. -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ 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.
