How to account for a house purchase

[Tony Vanson]

Hi all,
Hopefully someone can point me in the right direction on how to account for a house purchase in GNUCash.
I have contracted to buy a house and have paid a 10% deposit from my bank account, with the remainder becoming due within 2 months. I understand that the deposit amount is a debit against my bank account but I have no idea what the corresponding  double-entry should be. I assume when this purchase is completed it will be an asset? 
Regards


Sent from Mail for Windows 10



---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus