On 2024-04-09 09:55, R Losey wrote:
>
> On Tue, Apr 9, 2024 at 8:42 AM Stan Brown (using GC 4.14)
> <stan...@fastmail.fm <mailto:stan%2...@fastmail.fm>> wrote:
> On cash basis, it's not an expense until it's paid. Therefore, _nothing_
> is recorded until the payment date after the statement date after the
> meal. Then you record
> Dr: Expenses:Restaurant Dining
> Cr: Assets:Cash in Bank
> and a similar entry for every charge on that month's credit card
> statement.
>
>
> Wow - how odd. I would expect to always have two transactions; one when
> I dine (either using the date I dined or the date that the credit card
> charge went through) - increasing what I owe to the credit card company,
> and a second one when the credit card payment is made - reducing my debt
> to the credit card company. I guess one could do it the way you say, but
> it seems very awkward.
I was not advocating doing that; I was explaining the difference between
cash basis and accrual basis. Your snipping was obscured my meaning.
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