where to enter source for double entry

[Robert Heller]

At Wed, 10 Dec 2008 19:12:42 +0000 Girard Aquino <girardaquino at hotmail.com> wrote:

> 
> 
> Hi. I am trying to pay off a debt we have with one of our family 
> members. being an insurance agent, we bought a life insurance from him, 
> and he was kind enough to credit 500 from his commission into our debt 
> (not sure if i said that correctly - i mean he took off 500 from his 
> commission and considered it payment from us for our debt). since 
> gnucash always looks for a source for the money you transfer between 
> accounts, where should I enter this amount as coming from? thank you.

Assuming you paid the full premium for the life insurance policy it
would work something like this:

Checking Account <full amount>  => $500 -> debt
				=> remainder -> life insurance

That is, the debt payment comes from the same source as the payment for
the life insurance.  You can also think of it like this:

Checking Account <full amount>  => life insurance => commision => $500 => debt
						  => insurance company

> 
> 
> _________________________________________________________________
> 
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
> 
>                

-- 
Robert Heller             -- Get the Deepwoods Software FireFox Toolbar!
Deepwoods Software        -- Linux Installation and Administration
http://www.deepsoft.com/  -- Web Hosting, with CGI and Database
heller at deepsoft.com       -- Contract Programming: C/C++, Tcl/Tk