Commission split buying stocks?
Derek Atkins
warlord at MIT.EDU
Tue Nov 2 10:10:54 EST 2004
Hi,
Please be sure to CC gnucash-user on all replies...
EarlHawgwallop at netscape.net writes:
> Thanks. What happens is GNUCash substracts the cost of the
> commmission from the trade. The account is an asset-brokerage-stock
> account. I'm trying to record the split such that the commission is
> subtracted from asset-brokerage-cash, and added to
> expense-commissions. U.S. locale, USD currency.
>
> This could (likely) be my error. Any examples or hints would be most
> appreciated. Thanks again.
It's a three-split transactions. Let's say you sell 10 shares for $10
each and then pay a $19.95 commission. This would imply:
Stock 10 10 100
Bank 80.05
Commission 19.95
-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
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