stock transaction

[fretel ca]

Thanks: Can this "SI" account handle real time Stock update ?
I created a Commodity: Type:NYSE, Symbol:SI, Name:SI, 
then create a new account using security:SI called:Assets:Investments:Stock:SI
 The amount in SI is not cash but units, and the purchase and sell price is different,
How should I handle this perfectly?
Thanks in advance.
 
 
 Tim Kynerd <tim at kynerd.nu> wrote:On Wednesday 29 January 2003 05:39, fretel ca wrote:
> Hi,
>
> I'm using GnuCash 1.6.7.
>
> Can anyone help me about stock transaction ? I just can't make it
> right.
>
> The transaction will be:
>
> 1> checking account out $410, buy 10 share of SI at price $40, fee
> 10.

Debit Credit
Stock in SI 400
Trading fee expense 10
Checking account 410

>
> 2> sale 10 share of SI at price $45, put in checking account 440, fee
> 10.

Checking account 440
Trading fee expense 10
Stock in SI 400
Gain on sale of stock 50

You may prefer other names, but you get the idea. (PS "Gain on sale of 
stock" is an income account.)

-- 
Tim Kynerd Sundbyberg (småstan i storstan), Sweden tim at tram.nu
Sunrise in Stockholm today: 8:12
Sunset in Stockholm today: 15:48
My rail transit photos at http://www.kynerd.nu


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