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How do I record capital gain dividends?

To report the capital gain dividend as an increase in inventory:

  1. From the Accounts menu, choose Initial/Supplemental Inventory.

  2. Create or select a supplemental inventory asset in category Other Assets.

  3. From the Transactions menu, choose Cash Receipts.

  4. In the Classify As selection box, choose Collection of an Asset.

  5. In the Asset/Account (Credit) selection boxes, choose the asset from Step 2 above.

To report the capital gain dividend as an increase in receipts:

  1. From the Transactions menu, choose Cash Receipts.

  2. In the Classify As selection box, choose Other - Principal.

  3. In the Asset/Account (Credit) selection boxes, choose Principal Receipts followed by an appropriate account.

 

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