Re: [GNC] How to balance correctly a particular transaction which involves debt?

2020-09-21 Thread Daniel Fishman
On 9/21/20 5:15 PM, Christopher Lam wrote: I wouldn't add an entry into Expenses:shop -- you didn't exactly spend your money into this shop. Spending/lending money: Liability:credit card -$50 Asset:Friend owes me +$50 Recovering funds: Asset:Friend owes me -$50 Asset:Cash or bank +$50 It seem

[GNC] How to balance correctly a particular transaction which involves debt?

2020-09-21 Thread Daniel Fishman
Hello, Suppose that you go with your friend to a shop, and then a friend remembers that he forgotten his credit card and asks you to pay for his merchandise. He intends to return the money later. You pay in the shop (for example, buy a book) using your credit card. Then a few days later the frien