2017-03-22 GnuCash IRC logs
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02:28:09 <fell> After git clean running .(autogen.sh I see warnings about EXTRA_DIST multiply defined in condition TRUE ...
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10:04:07 <mib_mi8aha> One quick question plz, or where to find the answer. How do i account when I buy an asset in a very lower cost than usually. (someone was i need and wanted to sell fast). The usual approach is to record a debit on my "Expense" account, and a credit to my "Asset" account. But that asset worth a lot more , how do I add that increase in my assets? Thank you
10:19:09 <fell> You will realize the profit only on selling, not on buying.
10:21:34 <fell> mib_mi8aha, your sale might be asset: -1, cash: + 1000, profit: 999
10:25:27 <fell> Does anybody know, why gschemas...dialogs.checkprinting is talking about splits? Do some have multi row checks or why?
10:37:26 <mib_mi8aha> But my net worth statement will not show the real worth. And that asset is not to be sold ever
10:39:58 <fell> Then you should ask your CPA. Usually it is not allowed.
10:41:13 <mib_mi8aha> let me clarify plz. I bought solar panels, inverters etc for a 9KW system for $3500. But by having a 9KW system my property value increased by $10000 at least. I want to print a statement for the bank to show my assets in order to get a loan. Its not for the IRS
10:42:06 <mib_mi8aha> How I will show the bank that I have a +10000 value asset on my property? What is the "correct" way? If there is.
10:44:17 <fell> That are really questions for your accountant. I am in a different country.
10:58:05 <mib_mi8aha> thank you fell. Plz if anyone else can help me understand the correct way to record an increase in asset value, I would appreciate it. I have no accountant. Just a regular home acoounting. Thank you!
10:58:48 <fell> There might be specific forums in your country.
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11:08:09 <warlord> @op
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