Recording one-time purchases

[Michael DeBusk]

nj1024 <dieselmike512 at gmail.com> wrote:

>Is it correct to create Asset accounts for furniture (and other
>"significant" goods)?

It is correct either way. It depends on how closely you want to track your net worth.

It also depends on how nice the furniture is. If you buy antiques, you'll definitely want to track them as assets; compressed sawdust stuff from Walmart, not so much.


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