[GNC] Rounded Up/Down Share Purchase with Dividend

[mjchurchil at aol.com]

 I guess I'm not clear on what is happening.  Do you end up with 1 or 1.25 shares in your brokerage account? Mike

    On Wednesday, June 7, 2023 at 08:58:10 AM GMT-8, Michael or Penny Novack <stepbystepfarm at comcast.net> wrote:  
 
 On 6/7/2023 12:00 PM, xboxboy.mageia+GnuCash wrote:
> Hi Jim,
>
> that's just it, the $2 does 'vanish'. I don't see it, it's not passed 
> to me at that time, or any time in the future:
>
> As for a line to account for that, I guess that's what I'm asking: How 
> do I create an account to absorb that $2, that then disappears into 
> the ether?
>
> I hope that is clearer? 


How would you be entering this transaction were you keeping your books 
the old fashioned way using pen and ink on paper? If you can't answer 
that question, can't say what the accounts would be and the amount of 
debit or credit to each, then THAT is the problem. A more basic 
accounting question w=rather than a question about how to do it using 
gnucash instead of that old pen and ink on paper.

Find yourself a basic "text" on accounting that covers things form the 
point of view of Australian rules, franked dividends, etc.

Michael D Novack

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