[GNC] Currency Transfers result in Unrealized Gain (or Loss)
Michael or Penny Novack
stepbystepfarm at comcast.net
Wed Aug 27 18:26:40 EDT 2025
On 8/26/2025 6:34 PM, Michael or Penny Novack via gnucash-user wrote:
> On 8/26/2025 5:56 PM, Norm Samuelson wrote:
>
>>
>> I deposited $60,000 into the CAD account.
> The debit account was the CAD bank account --- what was the credit
> account? It was in what denomination? (if not CAD an exchange rate
> involved as of that date
If I have to, will ask the questions on to a response. You skipped
answering this.
:I deposited 60,000 CAD to the CAD bank account. So that was the DEB+IT
side of that transaction. What was the CREDIT side (what account). This
is double entry bookkeeping. Every transaction must have equal debit and
credit totals.
Michael D Novack
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