UK CoA query

[..hidden..]

Hi List,

Been meaning to query this for a while, but I keep forgetting.

The PAYE and National Insurance account (2210) is set up as an asset.   
Since the money that goes into this account is not actually owned by  
the business, but is held in trust for Her Majesty's Revenue and  
Customs, should it be a liability instead?

Incidentally, over Christmas I converted my FY06/07 accounts to  
LedgerSMB, and am using LedgerSMB going forward.  Can't wait for the  
next major release. :)

Richard

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