Mutual funds balance adjustment

[Bill Gribble]

On Wed, Jan 24, 2001 at 06:17:20PM +0100, Remco Rijnders wrote:
> May I suggest (to the GnuCash developers) that the adjust balance
> option is then to be included in the "create a new account" procedure. 
> I feel that it would be less confusing in there than in its current
> place.

In fact this isn't the correct way to have an opening balance.  An
opening balance should be recorded as a transfer from an Equity
account (typically Retained Earnings) to an asset account.

b.g.