Inventory and payroll

[Phillip Shelton]

Um, until I had shares to worry about I only had to deal with one currency.
I had a number of different accounts in that currency but as a private
individual I only worked in $AUS.

-----Original Message-----
From: gnucash-devel-admin@lists.gnumatic.com
[mailto:gnucash-devel-admin@lists.gnumatic.com]On Behalf Of Christopher
Browne
Sent: Tuesday, September 12, 2000 12:56 PM
To: gnucash-devel@gnucash.org
Subject: Re: Inventory and payroll


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>

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