accounting for stock trades

[Phillip Shelton]

I did not mean my reply to imply that there was a single unbalanced split d=
enoting losses or gains.  Apologies to all that saw it that way.

I think I was trying to say that you are allowed to have your "cash" go up =
without a corresponding income account going "down" when you make a capital=
 gain.

-----Original Message-----
Read my text: IMHO there IS NO SPLIT THAT REPRESENTS THE GAIN/LOSS.
<phillip> I agree </phillip>

<snip>

You don't need a "balancing" split -- there is nothing to balance.
And no, I do NOT believe that you should have a single, unbalanced
split to denote losses or gains.

<phillip> I did not mean my reply to sound like I was advocating that. Sorr=
y Derek. </phillip>

-derek

"Phillip Shelton" <shelton@usq.edu.au> writes:

<snip>=20
> Maybe, (And you would lean toward this, Derek?) capital gain is allowed t=
o be "unbalanced"? The balancing entry is the reduction of the "hard" asset.