I see I was not clear in my description of the transactions. I wrote a check for the full price of a golf cart to a dealer. The next day, a friend gave me their half of the cost. Some years later, I sold the golf cart and I got the full selling price from the buyer. A few days later, I gave half of the selling price to my friend.
I guess I could record the purchase as 1/2 to golf cart asset and 1/2 to short term loan to friend. And that loan is paid back the next day. And the same idea would be used for the sale. On Mon, Jun 27, 2022 at 4:01 PM Fred Tydeman <[email protected]> wrote: > A friend and I bought a golf cart, each paying 1/2 of the price. > Some years later, we sold that golf cart (for less than we paid, splitting > what we got). > How should all of that be recorded? > _______________________________________________ gnucash-user mailing list [email protected] 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.
