How to record the finding of 10 dollars lying on the street and their subsequent placement into one's wallet (in gnucash)?
Within gnucash:
within the Cash in Wallet account:
description: found some money in the street
transfer: Imbalance-USD or create a new arbitrary one-off account called something like "Penny Lane" or "Gift from above"???
What are the options for doing this correctly? What are the lazy options? What would be considered best-practice?
I'm not interested in a moral discussion here about what to do with the 10 dollars... this is for learning the ropes of accounting, only :-)
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It's income. Create an income account for it, or use a broader “miscellaneous income” account, depending on how precise you want to be.
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