[GNC] posting of Switching of Mutual Fund

[Michael or Penny Novack]

How to do it using gnucash is not your problem. How to do it even were 
you using pen and ink on paper is your problem. In other words, you 
don't know the account to debit in order for the transaction to be in 
balance.

Hint: Accounts of type income and expense are both temporary accounts of 
fundamental type equity. So if you credit an income account and debit 
equity by the same amount you have NOT really changed your total equity. 
If you closed the books, that income amount would have ended back up in 
equity, just as the Balance Sheet report includes the net of unclosed 
income and expense accounts as unrealized gain or loss (the amount that 
WOULD be transferred to equity were the books  closed).

Michael D Novack

PS -- Then tutorial is intended as a very basic guide just to get you 
started. If you are needing to record transactions involving more 
complex situations then bite the bullet and work your way through a 
typical "Accounting 101" text (ideally, one for accounting under the 
rules of YOUR jurisdiction

>
> I am just wondering, how this transaction can be effected in GNUCASH. 
> I tried to search for wiki and some old communication on this subject 
> but could not get the clear idea. Hence, thought of seeking help here.
>
> Will very much appreciate any help
>
> With my best regards
>
>
> Paras