[GNC] IRA/401K income detection

[David G. Pickett]

OK, not anything like an accountant, so my books have just asset, liability, income, expense.  Equity might be a better place for the IRA/401K, since it is an asset with a varying value and an attached tax liability TBD.  So, how should I have set up such 100% pretax deferred income accounts to capture the income when money is transferred out, preferably without two transactions (talk about your double entry!)?