How to account for a house purchase

[Robert Heller]

At Sat, 17 Feb 2018 21:31:54 +0700 Tony Vanson <tonyvans70 at gmail.com> wrote:

> 
> 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

How about Assets:House ?

> 
> 
> Sent from Mail for Windows 10
> 
> 
> 
> ---
> This email has been checked for viruses by Avast antivirus software.
> https://www.avast.com/antivirus
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> To update your subscription preferences or to unsubscribe:
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information.
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
> 
>                                            

-- 
Robert Heller             -- 978-544-6933
Deepwoods Software        -- Custom Software Services
http://www.deepsoft.com/  -- Linux Administration Services
heller at deepsoft.com       -- Webhosting Services