No, you can do both, a Spend or Receive, without it being a Purchase or Sale.
When you do a Capital Contribution it is a Receive Money
In Cash Accounts you do have Debit and Credit, it is just displayed differently.
When you select Receive Money that is the same as saying Debit and when you nominate the Account that is the same as saying Credit. When you select Spend Money that is the same as saying Credit and when you nominate the Account that is the same as saying Debit.
Yes, but not if those other things involve the movement of money. Please re-read my last post - how does the Bank put Journals on to the Bank Statement What communicates to the Bank that the Journal exists,
Correct
Currently you have a Cash Account and a Bank Account with both listed under the Cash Accounts tab (heading). If you wanted to a have a Credit Card Account, then it would be listed under the Cash Accounts tab.
Well, you can’t
All default accounts work where they are required to work within the rules of accounting. They are not going to work where that would breach the rules of accounting.
Perhaps, but that was a completely WRONG usage
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