balance sheet *always* shows Unrealized Loss of 639.96

[Derek Atkins]

Try running the balance sheet report in CVS HEAD.  It's been significantly
modified and should behave relatively correctly, or so I've been led to
believe.

-derek

Quoting "David J. Heinrich" <heinrich at rochester.rr.com>:

> I've figured out the problem with GnuCash and the price-editor,
> regarding accounting for unrealized capital gains. 
> 
> All that you do is figure out how much the stock price increased (or
> decreased) and make an appropriate entry of a CREDIT from a Gains \
> Capital Gains \ Unrealized to a DEBIT in Assets \ Long Term \ ABC for
> the amount that you calculated you gained in unreal. capital gains (EB -
> BB - Contribs - Div. Reinvestments). 
> 
> So, now when I do an account summary, things balance out. However, when
> I show a BALANCE SHEET, it *always* shows an "Unrealized Gains (Losses)"
> of -639.96 under Liabilities. This makes no sense, since my ACCOUNT
> SUMMARY shows everything balancing out. 
> 
> The fundamental identiy of accounting is:
> 
> Assets = Liabilities + Equity + Income - Expenses + Gains - Losses
> 
> As you can see from my Account Summary on 12/31/1996, this identity
> holds:
> 
> ACCOUNT SUMMARY on 12/31/1996
> ---------------------------------------
> Account name                    Balance
> Assets
>     Assets           $8,472.63
> Total Assets                  $8,472.63
> Liabilities
>     Liabilities          $0.00
> Total Liabilities                 $0.00
> Equities
>     Equity           $6,136.77
> Total Equities                $6,136.77
> Income
>     Gain             $2,335.86
>     Income               $0.00
> Total Income                  $2,335.86
> Expenses
>     Expenses             $0.00
>     Loss                 $0.00
> Total Expenses                    $0.00
> ---------------------------------------
> Total                         $2,335.86
> 
> $8,472.63 = $0.00 + $6,136.77 + $0.00 - $0.00 + $2,335.86 - $0.00
> $8,472.63 = $6,136.77 + $2,335.86
> $8,472.63 = $6,136.77 + $2,335.86
> 
> For my Balance Sheet on 12/31/1996, the equation holds, if you DON'T
> consider "Unrealized Gains (Losses)":
> 
> BALANCE SHEET on 12/31/1996
> ---------------------------------------
> Assets
> Assets                        $8,472.63
> Assets                        $8,472.63
> ---------------------------------------
> Liabilities
> Liabilities                       $0.00
> Liabilities                       $0.00
> Unrealized Gains (Losses)      -$639.96
> ---------------------------------------
> Equity
> Equity                        $6,136.77
> Net Profit                    $2,335.86
> Total Equity                  $8,472.63
> ---------------------------------------
> Liabilities & Equity          $7,832.67
> 
> $8,472.63 = $0.00 + $6,136.77 + $0.00 - $0.00 + $2,335.86 - $0.00
> $8,472.63 = $6,136.77 + $2,335.86
> $8,472.63 = $6,136.77 + $2,335.86
> 
> However, when you factor in "Unrealized Gains (Losses)", it becomes
> 
> $8,472.63 = $0.00 + $6,136.77 + $0.00 - $0.00 + $2,335.86 - $639.96
> $8,472.63 = $6,136.77 + $2,335.86 - 639.96
> ??$8,472.63 = $7,832.67 ??
> 
> *What* is this "Unrealized Gains (Losses)" junk doing there? *Exactly*
> the same amount appears on *all* of my GnuCash balance sheets for every
> year I select. I don't have any "Unrealized Gains (Losses)" account in
> my GnuCash hierarchy. 
> 
> Help?
> 
> 
> 
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> 


-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available