GnuCash: how to enter the purchase of a corporate bond with accrued interest
Wm
wm+gnc at tarrcity.demon.co.uk
Fri Feb 27 18:45:12 EST 2015
Fri, 27 Feb 2015 12:31:34 <001301d052bb$9d8670e0$d89352a0$@rr.com> Alice
Lee <alee212007 at satx.rr.com>
>The accrued interest is not an expense.
It is when you buy it.
> It is a receivable which will be
>zeroed out when the interest is received.
That is a novel approach. Mind you I've never tried sending anyone an
invoice for the interest on a bond either. How did you get on when
chasing your debtors?
> The balance is income.
--
Wm...
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