  <!ELEMENT gnc (version, defaults*, preferences*,
                 ledger-data*, prices*, recurring-transactions*)>

  <!-- top level elements -->
  <!ELEMENT defaults ANY>
  <!ELEMENT preferences ANY>
  <!ELEMENT ledger-data (commodity*, account*, transaction*)>
  <!ELEMENT prices ANY>
  <!ELEMENT recurring-transactions ANY>


  <!-- elements for ledger-data -->
  <!ELEMENT version (#PCDATA)>
  <!ELEMENT commodity (restore | new)>
  <!-- used in two contexts.  As near toplevel account and as guid in -->
  <!-- split for the account it's associated with -->
  <!ELEMENT account ( #PCDATA | restore | new )*>
  <!ELEMENT transaction (restore | new)>

  <!ENTITY % commodity-restore
            "( space, id, name, xcode?, fraction )">
  <!ENTITY % account-restore
            "( name, guid, type, currency, security?, slots?, parent? )">
  <!ENTITY % transaction-restore
            "( guid, num?, date-posted, date-entered, description?,
             slots?, split+)">
  <!ENTITY % combined-restores "%commodity-restore; | %account-restore; | %transaction-restore;">
  <!ENTITY % commodity-type "(space, id)">
  <!ENTITY % commodity-new "ANY">
  <!ENTITY % account-new "ANY">
  <!ENTITY % transaction-new "ANY">
  <!ENTITY % combined-news "%commodity-new; | %account-new; | %transaction-new;">

  <!ENTITY % slot-types
            "string | integer | double | etc">
  <!ELEMENT string (#PCDATA)>
  <!ELEMENT integer (#PCDATA)>
  <!ELEMENT double (#PCDATA)>
  <!ELEMENT etc (#PCDATA)> <!-- placeholder for other slot types -->

  <!ELEMENT parent (guid)>
  <!ELEMENT space (#PCDATA)>
  <!ELEMENT id (#PCDATA)>
  <!ELEMENT name (#PCDATA)>
  <!ELEMENT xcode (#PCDATA)>
  <!ELEMENT fraction (#PCDATA)>

  <!ELEMENT guid (#PCDATA)>
  <!ELEMENT type (#PCDATA)>
  <!ELEMENT security %commodity-type;>
  <!ELEMENT currency %commodity-type;>
  <!ELEMENT slots (s+)>

  <!-- used in two contexts as item in slots list and as a date in -->
  <!-- date-entered and date-posted. -->
  <!ELEMENT s (#PCDATA | k | %slot-types;)+>

  <!ELEMENT k (#PCDATA)>
  <!ELEMENT num (#PCDATA)>
  <!ELEMENT date-posted (s)>
  <!ELEMENT ns (#PCDATA)>
  <!ELEMENT date-entered (s, ns?)>

  <!ELEMENT description (#PCDATA)>

  <!ELEMENT split (guid, memo?, reconcile-state, reconcile-date?, value, quantity, account)>

  <!ELEMENT reconcile-date (s)>

  <!ELEMENT memo (#PCDATA)>
  <!ELEMENT reconcile-state (#PCDATA)>
  <!ELEMENT value (#PCDATA)>
  <!ELEMENT quantity (#PCDATA)>

  <!ELEMENT restore (%combined-restores;)>
  <!ELEMENT new (%combined-news;)>