• sima
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  • Registered: 05/21/2010
  • Posts: 3

Topic: New type of the account class?

I have another problem. We have account class that I could'nt recognize in the FA. It's purpose is ,I would call in english "calculation account class". The name of this account class is Opening and closing balance and profit/loss account. It's using when you opening new fiscal year, or opening new company, to put balances on the other accounts. Also, we are using this account for profit and loss and owner personal income.
My question is, which the class type it belongs? Income perhaps?

  • joe
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  • Registered: 03/15/2007
  • Posts: 5,107

Re: New type of the account class?

Please follow the introduction link to accountancy here:



Thi is a very good start to see what's going on in a double entry accountancy system.

/Joe