Trial balance failure after stock split

Fred Bone Fred.Bone at dial.pipex.com
Mon Jun 18 07:09:25 EDT 2007


I'm probably doing something wrong, but cannot see what. I used the 
"Stock Split Druid" to record a consolidation, and it resulted in a 
mismatch when I do a Trial balance.

Using v2.1.3 for Windows.

I started with 731 shares bought for 487.80.

The company did a "Share Consolidation", one for three with a cash 
distribution of 146.60 (this was via an issue-and-redemption of "B" 
shares, but that's a technicality). I ended up with 244 shares.

In the Druid, I entered:
 (Stock Split Details)  Shares:  244-731
 (Cash In Lieu)         Amount:  146.20
chose suitable accounts for the cash-in-lieu and left everything else 
alone.

The transaction shows in the stock register as
 Num     Description                    Tot Shares   Tot Buy   Tot Sell
         Stock Split                          -487                  487
 Split                  Assets:<>:PON         -487
         Cash In Lieu   Assets:<>:Cash                146.20
         Cash In Lieu   Income:<>:PON                            146.20

The net result in Trial Balance is that the value shown against the 
relevant stock has reduced from 487.80 to 97.72, with the two other 
accounts each increasing by the expected 146.20, for a net discrepancy in 
the final totals of 487.80-97.72=390.08.

Everything else (that I've thought to check) looks correct.

What should I have done differently?

Where does it get that 97.72 figure from???



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