On 09/05/2018 12:05 PM, Christian Kluge wrote: > Am 05.09.2018 um 20:42 schrieb Geoff Jankowski via gnucash-user: >> 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. >> >> For example, if I take cash from the cash box and deposit it at the bank I >> enter a cr to the cashbook and a dr to the bank account. > Actually you should a transit account for the period in between taking > and out of the cash box and that journal entry and the day the bank > actually books this deposit on your banking statement. > >> Totally counterintuitive which is why accountancy is a black art and should >> be banned. >>
Which is why I, as a software/database guy, just cringe when my wife, the accountant, yells out, "You reversed the journal entries again!" I tried to reason it out know I got it wrong last time by trying to reason it out from the time before when I also got it wrong. I'm no longer sure that three rights make a left. I'm pretty sure that two rights make a U turn of which I am doing a lot lately. > Every form of accounting assumes that the debit side will give its value > back one day as the original Italian formulations «deve dare» “shall > give“ and «deve avere» “shall have”, everyone knows that’s never going > to happen but still, nothing counterintuitive there. > > Kind regards > > > Christian Kluge > > _______________________________________________ > 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. -- Stephen M Butler, PMP, PSM stephen.m.butle...@gmail.com kg...@arrl.net 253-350-0166 ------------------------------------------- GnuPG Fingerprint: 8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8 _______________________________________________ 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.