On Wed, 2007-01-17 at 09:30 +0000, Mark Brown wrote: > On Tue, Jan 16, 2007 at 04:19:21PM -0800, Thomas Bushnell BSG wrote: > > > Moving money from an asset account to some other account is a credit on > > the asset account and a debit on the other account. So I don't know > > what you mean saying that "it" is presented as a credit; what is? The > > transaction is neither a credit nor a debit; it's composed of a matching > > credit on one account and debit on another account. > > The split in the transaction on the asset account is presented as a > debit. If only one account is mentioned I always assume it is a split.
I don't know what you mean. Every transaction involves at least two accounts. > > Given this it seems like extending the formal accounting labels option > or providing a new option with the same effect for when a general ledger > is being edited would go a long way towards addressing the issue: the > "Funds Out/In" terminology does reflect the expected behaviour in a much > less counterintuitive fashion. The informal terms are already used some > of the time within the general ledger view. Except that "funds out/in" is actually wrong for the general case! Thomas
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