stock thoughts
Jon Lapham
lapham at extracta.com.br
Wed Jul 30 14:35:08 CDT 2003
Derek Atkins wrote:
> Jon Lapham <lapham at extracta.com.br> writes:
>
>
>>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?
>
>
> This is a bug. This is what Lots are supposed to solve. It has not
> been finished.
>
> What you need to do is create a split txn that balances out the profit
> based on the cost of the stock and then link that split txn into a
> cap-gains income account.
>
Okay, can you take a look at this (there is a table and a screenshot, so
I can't just paste text):
http://www.jandr.org/temp/gnucashdocs/invest_sell1.html
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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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