Balance sheet - shouldn't it indicate a single date rather than a range?

[Ben Pracht]

Derek Atkins wrote:
At the balance sheet point, the income and expenses would have been 
cumulative, regardless of whether the income sheet accounts were 
closed.  To be in balance in all cases, the income sheet accounts would 
have to be shown, though.

Btw, is there a feature to close the income sheet accounts?

Regards,
Ben Pracht

>Yes, and no.
>
>The balance sheet DOES handle a point, but it also needs to include
>your equity at that point in time, which means it needs to know the
>INCOME for that period, which means it needs the starting value of
>your income accounts to compute the Net Profit for the equity
>calculation.  That's why it needs a 'start date', because you need to
>plug in the income delta that occured during the last period.
>
>-derek
>
>Chris Dennis <chris.dennis at ndirect.co.uk> writes:
>
>  
>
>>Hello Folks
>>
>>I've just noticed that the balance sheet report is headed
>>
>>	Balance Sheet 1/ 1/2004 - 8/ 6/2004
>>
>>i.e. it has a date range, rather than a single point in time, which
>>doesn't make sense.
>>
>>I'm running version 1.8.8 via CVS.
>>
>>The documentation for version 1.6 at
>>http://www.gnucash.org/docs/v1.6/C/t1684.html correctly shows a single
>>date; something seems to have got worse since then.
>>
>>Am I right?
>>
>>cheers
>>
>>Chris
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>>
>>
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>>
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