Splits

[Don Allen]

I'm relatively new to gnucash, working on porting my finances from MS 
Money (not a trivial matter, but that's another discussion). Perhaps I'm 
missing something, but I fail to understand why splits are applied to 
stock accounts (which are essentially positions) rather than to the 
commodity itself (which represents the stock). It's the commodity/stock 
that split, and *all* positions that you hold in a stock (you may have 
more than one position in different brokerage accounts) are affected by 
that split. As things stand, if you have 3 positions in XYZ and it 
splits, you get to apply the split 3 times. It doesn't make sense to me, 
but, as I said, I may be missing something. Can someone either enlighten 
me as to why the gnucash method is correct, or acknowledge that the 
method is incorrect?

Thanks --
/Don