Hi all, Hopefully someone can point me in the right direction on how to account for a house purchase in GNUCash. I have contracted to buy a house and have paid a 10% deposit from my bank account, with the remainder becoming due within 2 months. I understand that the deposit amount is a debit against my bank account but I have no idea what the corresponding double-entry should be. I assume when this purchase is completed it will be an asset? Regards
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