Use an equity account instead of income.

On Monday, December 29, 2014, zt <[email protected]> wrote:

> I just started using ledger and want to find out how to represent the sale
> of my car. This is a personal car and do not care about depreciation etc.
> Let's assume that I got $5K when I sold the car and the buyer wrote me a
> check which I deposited in my bank account.
>
> This is how I have it right now:
>
> 2014/08/25 * Deposit: $5K Car sale
>     Income:Misc:UnknownDeposit                                      $
> -5000.0
>     Assets:Bank:Personal                                             $
> 5000.0
>
>
> The problem is that my income is now inflated. Really all I want to do it
> increase my personal asset without affecting my income. Is income the only
> account that I can use to track money coming in? Please let me know the
> best way to handle this situation.
>
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-- 
Craig, Corona De Tucson, AZ
enderw88.wordpress.com

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