[majewsky]

Real-world example from my Gnucash file: I buy a present for my friend Alice for say 50$. Another friend, Bob, wants to share half of the cost and promises to give me the money next week.

I can easily [1] represent this as a split transaction where 50$ go out of my wallet's account. Half goes into Expenses:Gifts:Alice, half goes into AccountsReceivable:Bob. Once Bob pays me back, I transfer the money from AccountsReceivable:Bob back into Wallet.

[1] I guess I have different standards of "easy" than most of the population.

[taeric]

This is still a very small percentage of expenses most people do, though.

Not that it can't be used. I would be happy if this was taught in grade school more. But, I admit it is a rarely needed skill for most.