Newbie Question: gnc-price and Double Entry Accounting?

Jason Rennie jrennie@ai.mit.edu
Tue, 24 Oct 2000 16:48:16 -0400


inan@canada.com said:
> But don't you run into trouble with the A-L-I+Ex-Eq=0 equation if you
> have the value of assets increasing on their own? 

One could just make the assumption that (at least for the purposes of 
double entry accounting) the price updates have no bearing on your 
financial status---they only affect your accounting when they are sold.

Jason