On 11/21/2024 9:52 PM, R Losey wrote:
Expense accounts, because they are usually only increased, just have
Expenses for debits. The credit is called a "Rebate". I don't know if you
meant to make that account an expense account.
I don't see an Income anywhere in the list.
Your asset should have gone down by 800 EUR, as you did. The gain in this
sale is 414 EUR, of which the shipping should be an expense, and the Income
will be 1214 minus the shipping cost, right?
No
Michael D Novack
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