Bengt Thuree wrote:
In the chapter for selling stocks, the following is stated.
---
The proper recording of the stock sale *must* be done using a split
transaction. In the split transaction, you must account for the profit (or
loss) as coming from an Income:Capital Gains account (or Expense:Capital
Loss).
---
But in the example and the sample account structure, you do not refere nor
use the Expense:Capital Loss account.
I guess it would be better to have a Expense:Capital Loss account, or?
Or is it ok with a Negative Income:Capital Gain account?
/Bengt
I am interested in others reactions, I have a preference to the
"negative Capital gains" as it give a very useful report in the Tax Summary.
In the US Capital Loss is used to offset Capital gains. I have not
investigated the use of Expense sub accounts on the Tax reporting.
Should I say the that is "left for the student" ? Should this be ask
in "CashCash User"?
I did not discuss the impact of the account structure on the various
reports due to
the differences internationally.
One area that I think is weak in the Guide is the "reports".
Dave
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