stock thoughts

[Jon Lapham]

I was running through the process of buying and selling stocks, and a 
few thoughts occurred to me.

Assume you use the "stock" account type, and follow the proceedure to 
build a stock commodity, set the price in the price editor, etc.  When 
you sell the stock, for a profit, how does this income get accounted 
for?  Is the stock account itself a pseudo-income account?

It seems to me that stocks could be tracked in GC the same way we handle 
Fixed Assets, starting with a regular asset account.  Then, upon selling 
the stock, you would record an income transaction into the stock asset 
account, then record a transaction from the stock asset account to your 
bank account.

Just thinking out loud.  Any thoughts out there on this?

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  Jon Lapham  <lapham at extracta.com.br>          Rio de Janeiro, Brasil
  Work: Extracta Moléculas Naturais SA     http://www.extracta.com.br/
  Web: http://www.jandr.org/
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