This is an accounting question, not a GnuCash question. But for what it's worth, here is my answer:
It's 120K of income: a 600K asset (a debit) was traded for a 720K reduction in a liability (also a debit), thus increasing your equity by 120K (a credit). Nice work if you can get it! On 2026-03-31 16:08, Fred Tydeman wrote: > In a foreign country, I had loaned a developer 600K of their currency. > He had been making interest only payments for some time. > He paid off the 600K loan by converting it into a 720K downpayment on > the loan (I now have from him) to buy an apartment he will build for me. > What is the 120K difference? How do I record it? Stan Brown Tehachapi, CA, USA https://BrownMath.com _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
