need help setting up transactions for sale of house

[Phil Longstaff]

No, he does need bought to clear out his asset:fixed:house:cost 
account.  He doesn't need Sold since it is made up of Bought + Capital Gain.

                                                               
DB             CR
Assets:Current Assets:Bank                 375000
Assets:Fixed:House:Cost                                        150000
Expenses:Commission                           25000
Income:Capital Gain                                              250000

I think this is correct.  Capital Gain = Sold - Bought.  The commission 
is a cost of the transaction.

Derek Atkins wrote:
> You don't need the "bought" split.
>
> -derek
>
> Quoting J E <joele54 at yahoo.com>:
>
>   
>> I am trying to set up the accounting for the sale of a house
>> in GnuCash.  I have already received the payment in my checking
>> account, but I want to account for commisions/fees and also show
>> the capital gain in a split transaction, but am unsure of how to
>> do this.
>>
>> The numbers are:
>> Checking acct. Deposit: $375000
>> Sold (2007):            $400000
>> Bought (1987):          $150000
>> Commissions/fees:       $ 25000
>> Net capital gain:       $225000
>>
>> I have tried doing a split transaction, but always wind up with
>> an Orphan-USD, and totally confused.
>>
>> I have tried setting up:
>>
>> Assets:Fixed:House:Cost        $150000 (Equity:Opening Balances)
>>
>> to show the initial purchase, but the balance winds up being:
>>
>> - $150000.  Any help would be greatly appreciated.
>>
>> TIA.
>> J. Estes
>>