Bill Jacqmein 401K loan

[Andrew Sackville-West]

brydone at btinternet.com wrote:
> If the loan is for principal only, I think the simplest entries are this
> when setting up your account:
> 
> Loan Account  Cr401,000 (owing your lender)
> 
> Bank Account         Dr 401,000 (putting money into your account from
> lender)
> ------------------------------------


ummm... I think OP was refering to a loan from his 401k retirement 
account. your explanation was good, but do you have one for this 
application? He has to track it both in his bank/liability accounts but 
also within his 401k account as some of his liquid assets in that 
account will be turned into a loan...

A