Net Assets again

Phillip J Shelton shelton11@dingoblue.net.au
Thu, 06 Dec 2001 08:13:08 +1000


Try having the CashInWallet as a new parent not a child of Assets.

What type of account is Income->GiftsReceived?  What are all your account
types? (If I may be so bold?)

Phill

Lars Burgstahler wrote:

> Hi,
>
> and thanks for the help I got with my last question. However, I'm still
> confused about Net Assets. New example:
>
> I create a completely new file and chose "Common Accounts" as a base for my
> file in the druid. All my accounts are empty!
>
> Now I get 200,-EUR from my parents. O.k. the money must come from somewhere
> and it comes from Income->GiftsReceived and it must go somewhere, so it goes
> to Assets->CurrentAssets->CashInWallet. First question: is that correct?
>
> But now I got a Net Asset of 400,-EUR and a gain of 400,-EUR.
>
> Sorry, but I don't get it. Any help would really be appreciated.
>
> thanks, lars
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