Inventory and payroll

[Christopher Browne]

On 11 Sep 2000 18:26:22 CDT, the world broke into rejoicing as
John Hasler <john@dhh.gt.org>  said:
> Phillip Shelton writes:
> > Then maybe you can answer why you keep the _number_ of shares that you own
> > in any one company.
> 
> I don't understand what you are asking.
> 
> > Because the _number_ of shares is an inventory problem not accounting.
> 
> Yes.

Ah, but _accounting_ for inventory _is_, most certainly, an accounting
problem.  And that is the focus of the tracking of inventory.

The main time that accounting can get completely abstracted away from an
accounting for a variety of commodities is when it results from there
being one SOLE commodity, namely a single currency.  That is only true
if you're a bank that operates only in one currency, in other words, a
"back woods" US bank...

Anywhere else, there will be a multiplicity of commodities, likely 
including some form of inventory...
--
cbbrowne@ntlug.org - <http://www.hex.net/~cbbrowne/finances.html>
"Unless you're on  the Forbes' richest 100 list,  you're not a market,
just another photon in the rainbow."
-- Monty Brandenberg <mcbinc@ne.mediaone.net>