Newbie Question: gnc-price and Double Entry Accounting?

Jason Rennie jrennie@ai.mit.edu
Tue, 24 Oct 2000 13:28:04 -0400


wahlen@ert.rwth-aachen.de said:
> Obviously gnc-price changes the value of this single Stock Depot
> Account but does not reduce the amount of money on some other account.

The price changes don't reflect any real change in things.  It's not 
until you actually sell the stock that it turns into debt/income.  Hence, 
it's okay that the price updates aren't balanced by credit/debit in 
another account.

Jason