Re: Cash Account
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Posted by Mark on May 02, 2000 at 08:48:07:
In Reply to: Cash Account posted by Roger on May 01, 2000 at 23:14:16:
: Hi There,
: I'm not clear on how a cash account is maintained. Please run it past me how you; 1. Withdraw & deposit cash. 2. Record interest earned.
Your cash account should be kept at a constant $1 share price, and all
transactions are recorded at $1 share price. To withdraw money, record a
sell in your cash account investment. A deposit is a buy. Interest is
recorded as a distribution. Select the "Interest Income" distribution type
when recording the distribution.
Fund Manager for Windows 3.1x/95/98/NT