temporary allocation of money

[Derek Atkins]

Yep, that's about right.

-derek

fideli <faisalmoledina at hotmail.com> writes:

> say i had $1000 in my savings account and from that cash, and i would like
> to make a note of the fact that i need $750 of that for a certain purpose
> in the future.  so what i've done is i've created a sub-account under my
> savings account (even though it doesn't really exist at the bank) in
> gnucash and stashed the $750 there.  it makes me wonder now what happens to
> the sub-account once i'm done with it.  from what i can tell, it'll just
> sit there with ageing transactions in it, until i choose to close the book. 
> is this proper procedure?  i'm not quite an accountant, so forgive me if
> this is a trivial theory question.  thanks in advance!
>
> -\ fideli /-
>
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>

-- 
       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