Capital loss on deposit

[David T.]

Most times, I hear that capital gain/loss is entered into an income account, rather than an expense account.


David



________________________________
 From: Ian K <ik522000 at yahoo.co.uk>
To: gnucash-user at gnucash.org 
Sent: Friday, February 24, 2012 4:12 AM
Subject: Re: Capital loss on deposit
 
You can show this by setting up an Expense Account. You could call it
Expenses:Capital Loss for example. When the loss is taken you would make a
transfer of the lost amount from the deposit account to the expense account.
You could alternatively, as it's (hopefully) a one-off event, set the
Capital Loss account as as Equity Account, e.g. Equity:Capital Loss. Then it
won't show up as an expense, it will just reduce the equity.


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