No, debiting an asset account means you increased it. A withdrawal would be a credit to an asset account.
Remember: Assets + Expenses = Liabilities + Equity + Income Left side of “=“ means ‘debit increases/credit decreases’ The opposite for the right side of the “=“ Regards, Adrien > On Apr 15, 2019, at 5:11 PM, ToddAndMargo via gnucash-user > <gnucash-user@gnucash.org> wrote: > > Hi All, > > Now that I am feeling brave coming off of creating a charge > card account, I decided to create a saving account. > > My bank statement shows deposits as positive numbers and > withdrawals as negative numbers, so I decided to follow suite > > Okay, I set the initial test balance to +100. It shows in > balance as 100. All is well so far. > > Then I put 10 in the debit column of the account, meaning I > withdrew 10 from the account. > > Problem: the balance went to 110, not to 90. What did > I do wrong THIS time? > > Many thanks, > -T _______________________________________________ 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.
