Sell at Profit

Colin Law clanlaw at gmail.com
Mon Feb 29 03:42:58 EST 2016


On 29 February 2016 at 04:09, E Rosenberg <wmcomputersystems at gmail.com> wrote:
> Hit the send button too early
>
> Buy at 450   Sell at 700
>
> Step1
>
>                                                    Deposit
>                      Withdraw
>
> Assets: Accts Receivable             700
> Income:Sales
>                  700
>
>
> Step2
>
> Asset:Inventory                            450
> Expenses: Cost of Goods Sold
>          450
>
> When I perform these two steps, ending with either a tab or enter:1]
> The transaction is wiped out and 2] the balance is never updated.

Which balance is not updated?  You are dealing with for separate
accounts here.  Two of them should go up/down by 700 and two should go
up/down by 450.

Colin

>
> I can append screen shots, if that would be helpful.
>
> TIA
>
> Ethan
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