Question on how to record share losses

[Bill Gribble]

On Wed, Aug 01, 2001 at 05:29:24PM +0200, TrackerChamp wrote:
> I agree with you. But why does the online help example with the
> painting do exactly the opposite? If the painting you bought for
> 5000$ is revalued and found to be worth $5500, the example says to
> book the $500 as unrealized gain in an income account!

Well, I'm not an accountant either, but that doesn't seem right.  I
don't know who wrote that specific example, but unless it was Chris
Browne (who is pretty reliable) it was probably written by a
programmer rather than an accountant.

b.g.