Franking Credits

[Graeme Nichols]

Hi,

I am wondering how to keep track of Franking Credits. It is easy enough 
to split dividends to Unfranked and Franked components but a Franking 
Credit is the tax paid, by the Company, on the dividend at the Company 
rate of 30% and offsets the individual's tax liability on the dividend.

It doesn't actually come FROM anywhere.

How do you account for it here on GnuCash?

-- 
Kind regards,

Graeme Nichols.
...
Registered Linux User 381781 (http://counter.li.org/)
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