I wouldn't add an entry into Expenses:shop -- you didn't exactly spend your money into this shop.
Spending/lending money: Liability:credit card -$50 Asset:Friend owes me +$50 Recovering funds: Asset:Friend owes me -$50 Asset:Cash or bank +$50 HTH On Mon, 21 Sep 2020, 9:40 pm Daniel Fishman, <quant...@gmail.com> wrote: > Hello, > > Suppose that you go with your friend to a shop, and then a friend > remembers that he forgotten his credit card and asks you to pay > for his merchandise. He intends to return the money later. You pay > in the shop (for example, buy a book) using your credit card. Then > a few days later the friend returns his debt - for example, by paying > you cash. > > I want to document those facts in gnucash. > > Since the payment to the shop was made by the credit card, an account > 'Expenses:<shop name>' is debited, while an account 'Liability:<credit > card name>' > is credited. I also want to make it explicit that a friend incurred > debt due to this transaction. Therefore, it seems to me that this > transaction > should also contain a split which debits an account > 'Assets:Accounts receivable:<friend's name>'. But which account should be > credited to balance the transaction? Suppose that I credit some > artificial account, like 'Equity:Balancing account' and succeed to > balance the transaction. Then when the friend pays his debt, an account > 'Assets:Accounts receivable:<friend's name>' should be credited, and > an account 'Assets:Cash' should be debited, but what about an account > 'Equity:Balancing account' - should it just be left as is (that is, > not debited)? It seems a bit artificial. > > What is the accepted way to document such transactions? > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
