[GNC] Why is part of a split registered as "rebate" in the Transfer account?
Michael or Penny Novack
stepbystepfarm at comcast.net
Fri Nov 22 12:13:42 EST 2024
On 11/21/2024 9:52 PM, R Losey wrote:
> Expense accounts, because they are usually only increased, just have
> Expenses for debits. The credit is called a "Rebate". I don't know if you
> meant to make that account an expense account.
>
> I don't see an Income anywhere in the list.
>
> Your asset should have gone down by 800 EUR, as you did. The gain in this
> sale is 414 EUR, of which the shipping should be an expense, and the Income
> will be 1214 minus the shipping cost, right?
>
>
No
Michael D Novack
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