Inventory and payroll

[Phillip Shelton]

Ok,(thinking) Question, What, (in your opinion John) is the number that is
the result of multiplying the number of shares and the share price.

And, (again, persumable) one buys shares to increase ones equtity. Are
shares considered part of assets? Is the unrealised value of any stock (be
it shares, engines, pens or ... ) part of ones worth?

Sorry about the third person tense but I do not want to be seen to be
attacking anyone.

-----Original Message-----
From: gnucash-devel-admin@lists.gnumatic.com
[mailto:gnucash-devel-admin@lists.gnumatic.com]On Behalf Of John Hasler
Sent: Tuesday, September 12, 2000 11:37 AM
To: gnucash-devel@lists.gnumatic.com
Subject: Re: Inventory and payroll


Phillip Shelton writes:
> Ok, do you mind trying to tell me what is a better, more correct thing
> gnucash should be doing?

The cost of a securities purchase is the amount of money you paid your
broker.  This not generally equal to price times number of shares: it
includes commissions, rounding "errors", etc.

> For my part I would expect that it should record the number of shares and
> the `unrealised value' i.e. the amount of money you would have if you
> sold them.

Any `unrealised value' is purely speculative.  You do not know the amount
of money you would have if you sold them until you do so.  While such
speculative numbers have their place, it is not your accounts.
--
John Hasler
john@dhh.gt.org (John Hasler)
Dancing Horse Hill
Elmwood, WI

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