Bug 631789 update
tbullock at nd.edu
Wed Oct 20 08:17:42 EDT 2010
Thanks for pointing out that my remarks should be part of bug. Following your recommendation, I have added an additional comment to that bug.
How does a bug update get added automatically to the developer's list? Or does it? Do changes to a bug discussion go only to those subscribing to the bug?
> -----Original Message-----
> From: Geert Janssens [mailto:janssens-geert at telenet.be]
> Sent: Wednesday, October 20, 2010 7:16 AM
> To: gnucash-devel at gnucash.org; Thomas Bullock
> Subject: Re: Summary bar description (was: Patch for guide file
> On Saturday 16 October 2010, Tom Bullock wrote:
> > Geert and Juergen,
> > Earlier exchanges stated:
> > > > "Assets" is the sum of all accounts of types Bank, Cash, Asset,
> > > > Mutual Fund, Credit Card, Liability, A/Payable and A/Receivable,
> > > > obviously taking the proper sign into account. Calling this
> > > > would indeed be confusing at least.
> > Just netting (offsetting credits [liabilities] against debits
> > from the balance sheet) these together gives "Net Assets", not net
> > worth. Net worth is a duration concept, meaning activity over time.
> > refers to the use of assets to generate income while incurring
> > to do that. Net Assets is a point-in-time concept and excludes any
> > income statement activity.
> > Given what has been said to this point, the most accurate term I
> > seen is "net assets" for the place where a better name is needed.
> This very same issue has recently been reported in a bug:
> I have added references there to this thread.
> I don't speak English accounting language fluently, so I have to
> whatever others agree upon here. I would suggest to continue any
> discussion on this description on the bug report.
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