On 9/5/2018 2:42 PM, Geoff Jankowski via gnucash-user wrote:
David
I would love to agree with you but…..
In standard journal notation cr is a debt and dr an asset. This is because it
is nothing to do with credit (+ve) and debit (-ve) in any sense (or tense) but
to do with a creditor (to whom we owe) and a debtor (who owes us). Hence dr
and cr relate to debtor and creditor and not to any form of debit or credit.
Ah but it does, and will make sense once you realize that the origins of
double entry goes back in time long enough that educated Europeans still
used Latin for some purposes. Not "a debit" or "a credit" but Latin for
"he owes" (me) and "he trusts" (me). Thus assets were debits (amounts
somebody owed one) and liabilities credits (what one owed somebody).
Michael D Novack
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