Stock Entries

[Linas Vepstas]

On Sun, Jan 12, 2003 at 10:32:47AM -0500, rluchor@optonline.net was heard to remark:
> Setting up my new GnuCash account was going well until I tried to insert
> some stock values.  Here is an example that shows the problem:
> 
> 100 shares of Acme stock at $20 a share = $2000
> 
> The register for Acme stock shows the correct values;
> The account sheet shows Acme stock = $0.00;

You added and removed from the same account: net is zero.

The stock purchase should be recorded as a transfer from some other
account.

> The balance sheet shows Acme stock = $4,000, twice the correct value.

The add/remnove is a net profit, by $2,000 each time.


-- 
pub  1024D/01045933 2001-02-01 Linas Vepstas (Labas!) <linas@linas.org>
PGP Key fingerprint = 8305 2521 6000 0B5E 8984  3F54 64A9 9A82 0104 5933