If you're not depreciating the car (i.e., considering the purchase an expense, instead of an investment), then technically, the sale is income. However, in ledger you can draw from any account you wish, there are no restrictions.
Equity would be a reasonable choice. On Tue, Dec 30, 2014 at 10:55 AM, Craig Earls <[email protected]> wrote: > > 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. >> >> -- >> >> --- >> You received this message because you are subscribed to the Google Groups >> "Ledger" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to [email protected]. >> For more options, visit https://groups.google.com/d/optout. >> > > > -- > Craig, Corona De Tucson, AZ > enderw88.wordpress.com > > -- > > --- > You received this message because you are subscribed to the Google Groups > "Ledger" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > For more options, visit https://groups.google.com/d/optout. > -- -- Best regards, Daniël Bos Your government is reading your email. Slow them down with encryption. My public key: http://goo.gl/gms497 (4096 bit RSA, id EF2D5D91) Fingerprint : D8D0 9FBE F075 F709 7B52 2F73 326C 2123 EF2D 5D91 -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
