I guess I'm not clear on what is happening. Do you end up with 1 or 1.25
shares in your brokerage account? Mike
On Wednesday, June 7, 2023 at 08:58:10 AM GMT-8, Michael or Penny Novack
<stepbystepf...@comcast.net> wrote:
On 6/7/2023 12:00 PM, xboxboy.mageia+GnuCash wrote:
> Hi Jim,
>
> that's just it, the $2 does 'vanish'. I don't see it, it's not passed
> to me at that time, or any time in the future:
>
> As for a line to account for that, I guess that's what I'm asking: How
> do I create an account to absorb that $2, that then disappears into
> the ether?
>
> I hope that is clearer?
How would you be entering this transaction were you keeping your books
the old fashioned way using pen and ink on paper? If you can't answer
that question, can't say what the accounts would be and the amount of
debit or credit to each, then THAT is the problem. A more basic
accounting question w=rather than a question about how to do it using
gnucash instead of that old pen and ink on paper.
Find yourself a basic "text" on accounting that covers things form the
point of view of Australian rules, franked dividends, etc.
Michael D Novack
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