Unbalanced balance sheet

[Derek Atkins]

Jeffrey Ratcliffe <jrposting at yahoo.co.uk> writes:

> On Mon, 2005-01-17 at 10:11 -0500, Derek Atkins wrote:
>> Jeffrey Ratcliffe <jrposting at yahoo.co.uk> writes:
>> 
>> > Shares Assets:Share    195.91
>> > Fee    Expenses          4.09
>> > Shares Assets:Current -200.00
>> >
>> > Although curiously the accounts are out of balance at this point by EUR
>> > 4.10 (not GBP 4.09),
>
>> What's the purchase price of the shares?  Let's say you bought the
>> shares for $200 and then sell them for $195.  This is a loss of $5.
>> But gnucash wont balance properly because you don't have a split to
>> indicate that this extra $5 went to expenses.
>
> It is a single transaction. The shares are bought, not sold, and I am
> charged a fee for buying them, which I charge against the Expenses
> account, so (my main reporting currency is GBP, but all 3 off these
> account are in EUR), 200 gets transferred out of Asset:Current. 4.09
> goes into Expenses, and the 195.91 rest get converted into shares in
> Assets:Share.
>
> Why does this cause an unbalance of EUR 4.10?

How do you know it's an imbalance of EUR 4.10 if you're reporting in GBP?

> Jeff

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
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