I'm unsure of the best way to record the adding/modifying of an asset. Should the transaction go directly to an asset account or an expense account then create an asset? Let me explain.
If, for example, I buy a car that costs me $1000 and pay for it from my chequing account, no loan involved. Should $1000 go from my chequing account to an asset account called 'car' or to an expense account called 'car' then create a new account in asset called 'car' with 'equity:opening balance' of $1000? Would the latter option be more flexible? If the car was really worth $2000 but I only paid $1000 for it I could record an asset worth $2000 but an expense of only $1000. What if the car increased in value somehow (unlikely)? Would this be reported in the asset account as 'equity:asset change' or in an income account as income or something else? _______________________________________________ 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.
