Examples for entering transactions

Diane Mackay diane at mackmoon.com
Mon Jun 30 10:01:14 CDT 2003


Ralph van Etten wrote:

> 
> But now in expenses there is only 50% of it. If I want to make a list of
> all the things we've bought I can book the tv to
> expenses->together->tv-set and see in expenses->together all the things we
> bought. Only, it doesn't say how much it originally cost, just how much
> money it cost me.
> 
> Is it still possible to make a list with all the things we've bought
> together and have full price listed and not only the amount i've spend on
> it ?
> 
Purchase:
o Debit shared asset account 50%
o Debit accounts receivable 50%
o Credit bank account 100%

Receipt of Payment:
o Debit shared asset account $ received
o Credit accounts receivable $ received

Will this work? ...or...

Purchase:
o Debit shared asset account 100%
o Debit accounts receivable 50%
o Credit bank account 100%
o Credit shared asset account 50%

Receipt of Payment:
o Debit shared asset account $ received
o Credit accounts receivable $ received



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