[GNC] Multiple currencies in split tx

[Adrien Monteleone]

Michael, I gave a quite generic caveat if you didn't notice, but thanks 
for the specific exception for posterity! (for that 1%, or so, as I 
guess various of us from time to time, might judge or measure that 
statistic, or make it up, as the case my be, or warrant.)

Regards,
Adrien

On 7/2/22 12:56 PM, Michael or Penny Novack wrote:
> On 7/2/2022 3:38 AM, Adrien Monteleone wrote:
>> Starting from the source account is good practice no matter the type 
>> of transaction.
>>
>> Since funds in double-entry have to 'come from somewhere' and 'go to 
>> somewhere', by always entering the transaction in the source account, 
>> you are always choosing the destination(s).
>>
>> Life is much less confusing that way. (yes, yes, before anyone else 
>> chimes in, I know there are sometimes complicated transactions with 
>> multiple sources...)
>>
>> Regards,
>> Adrien 
> 
> "Since funds in double-entry have to come from somewhere ...." might be 
> a trifle naive. There probably will be "funds" involved 99% of the time. 
> But there will be exceptions. Like:
> 
> a) You receive a statement from you employer that you have an "imputed 
> income" amount of $X.00  << the employer has paid the premium for your 
> group term insurance (a common employee benefit) but the portion of the 
> premium for the amount over $50,000 face value is considered income by 
> Uncle Sam >> That would be a debit "life insurance premiums" and a 
> credit "income"      This MAY be bit by bit on your payroll statements 
> where the total income (including imputed) is greater then gross income.
> 
> b) Typical :journal transactions" like recording annual depreciation.
> 
> Michael D Novack