1.59 Individual units or sectors may have the same kind of transaction both as a use and as a resource (e.g. they both pay and receive interest) and the same kind of financial instrument both as an asset and as a liability.
The system recommends gross recording, apart from the degree of netting which is inherent in the classifications themselves.
In fact, netting is implicit in various transaction categories, the most outstanding example being 'changes in inventories', which underlines the analytically significant aspect of overall capital formation rather than tracking daily additions and withdrawals.
Similarly, with few exceptions, the financial account and other changes in assets accounts record increases in assets and in liabilities on a net basis, bringing out the final consequences of these types of flows at the end of the accounting period.