Borrowing Money (no interest)

[Buddha Buck]

Create a new liability account Liabilities:Personal Loan.

Record a transaction of $500 from the loan account to Assets:Checking

When paid, record a transaction of $500 from Assets:Checking to the loan
account


On Tue, Jan 14, 2014 at 9:26 AM, picosam <picosam at gmail.com> wrote:

> Hello,
>
> I just borrowed 500$ from a friend; he transferred the money directly into
> my checking account. I'll pay him back the full amount at the end of the
> month, with no interest. How may I record both those transactions in
> GnuCash?
>
> Thanks in advance,
> Sammy
>
>
>
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