Investments

[Derek Atkins]

Dennis Powless <claven123 at gmail.com> writes:

> One other thing... the asset cash account will continue to get smaller
> if I use it for the dividends.  eg reinvest the dividends in the fund
> account.  It shows a transfer of money to the asset:cash account.  How
> do I off set this decrease in funds (the opposing transaction)?  I
> can't zero out an asset account at the end of the year.  With the
> purchase of shares and transfer of money the opposing transaction is
> the income account.

It is INCORRECT to use an Asset account for Dividend income.  You should
use an INCOME account.

> Dennis

> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

-derek


-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available