Entering a cash gift

[Elizabeth Dodd]

I would want to be sure that I used a separate income account as suggested 
below, because I wouldn't want the gift muddled with taxable income.
Liz, new here, but not to gnucash.

On Sun, 31 Aug 2003 10:28 am, Dale Alspach wrote:
> You should credit an income account,e.g., make a miscellaneous
> income account, then debit your cash account and then enter
> transactions from cash for the bills or expenses.
>
> Misc. Income            500.00
> Cash           500.00
>
> Cash                    350.00
> Loan           350.00
>
> Cash                    150.00
> Food           150.00
>
> You could just credit miscellaneous income and then
> debit the bills and expenses in one transaction.
>
> Misc. Income            500.00
> Loan           350.00
> Food           150.00
>
> The second one has the advantage that when your uncle asks you
> what you did with the money you can show him:)
>
> Dale Alspach
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