[GNC] corporate profit tax ........... where to put

[Karl May]

Hi,

I am wondering where to put the tax on corporate profit.

My understanding from accounting training is:

1) As long as not paid it would swap between Equity and Liability, i.e. the 
equity shrinks by the tax amount and the liabilities increase by the tax 
amount.

2) At pay date it would be an asset-liability decrease, i.e. financial assets 
and liabilities shrink by the tax amount.

Now ......... I understand that gnucash has no separate Equity account, at 
least as long as the books are not closed. So how to book step 1)?

Thanks and best regards

Karl