Proposal for modifying gnucash to use exact quantities
Tue, 25 Jul 2000 11:04:49 -0500
On Tue, 25 Jul 2000, Bill Gribble wrote:
> Clark Jones <email@example.com> writes:
> > I hate to quibble with Gribble :-), but in actuallity the bill
> > establishing the Dollar as the U.S. currency (written by Thomas
> > Jefferson) defines the "mill" -- which is 1/1000 of a U.S. Dollar --
> > though the only places where you're likely to run into it is at the gas
> > pump and calculating real estate taxes.
> I'm a little confused about this. Where is a "mill" actually a valid
> amount for a financial transaction? You certainly can't take one out
> of a bank account.
> Is this just an anachronism? Are there *any* places where correct
> record keeping requires one to keep track of dollar values down to the
> 1/1000 of a dollar?
Ask the question in another way. Are there places where correct record
keeping is not done in 1/100ths of a dollar?
I don't think that you can have only one representation for items denominated
in units indexed to US Dollars.