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35 lines
1.3 KiB
35 lines
1.3 KiB
<!DOCTYPE HTML PUBLIC "-//IETF//DTD HTML//EN">
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<html>
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<head>
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<title>Account Types</title>
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</head>
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<body bgcolor=#eeeeee>
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<h1>Account Types</h1>
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<dl>
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<dt><b>Bank</b>
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<dd>The bank account type denotes a savings or checking account
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held at a bank. Often interest bearing.
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<dt><b>Cash</b>
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<dd>The cash account type is used to denote a shoe-box or pillowcase
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stuffed with cash.
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<dt><b>Credit</b>
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<dd>The Credit card account is used to denote credit (e.g. amex) and
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debit (e.g. visa, mastercard) card accounts.
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<dt><b>Asset, Liability</b>
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<dd>Asset and liability accounts indicate generic, generalized accounts
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that are none of the above.
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<dt><b>Stock, Mutual Fund</b>
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<dd>Stock and Mutual Fund accounts will typically be shown in registers
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which show three columns: price, number of shares, and value.
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<dt><b>Income, Expense</b>
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<dd>Income and expense accounts are used to denote income and expenses.
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Thus, when data in these accounts are displayed, the sign of the
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entries is reversed from its usual meaning.
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<dt><b>Equity</b>
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<dd>Equity account is used to balance the balance sheet.
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</dl>
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</body>
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</html>
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