The Accounting Equation does not seem to hold

[Leo Breebaart]

I am quite clueless about accounting and keeping books, but I
thought I had learned from the GnuCash docs that the Accounting
Equation (Assets - Liabilities = Equity + (Income - Expenses)) is
invariant and should by definition hold, no matter what the
actual contents of your GnuCash account file are.

Assuming this is indeed true (please don't hesitate to tell me if
I got that wrong!), I am having trouble understanding the
following two things:

1) If I create a Balance Sheet report, the numbers reported for
"Total Assets" and "Total Liabilities & Equity" are not the same
-- there's a EUR 0.92 difference between the two. Quite marginal,
but still it seems odd.

I played around a bit with the 'Balance Sheet Date' General
option, and it would appear the until 21/08/2006 the numbers were
indeed the same, with the first discrepancy showing up on
22/08/2006.

If I 'Find...' all my transactions for the 22nd, I see only
matching numbers in the 'Tot Funds In' and 'Tot Funds Out'
column. BUT, one of the transactions was to a cash account in a
different currency. Can it be the case that what I am seeing is
some sort of rounding error or artifact?


2) If I go to the central 'Accounts' tab, and I manually try to
calculate "Equity = Assets - Profits" as per the status bar, I
get a difference of more than EUR 900 with respect to what's
actually listed in the 'Total' Column for the Equity account.

I did make sure that I am looking at the entire period for which
I have entered data. I don't *think* that rounding errors on my
foreign currency or stock accounts would add up to 900 Euros
worth -- but as I said: I have very little idea what it is in
fact reasonable for me to expect.

Does anybody here have some words of wisdom for me? I am using
GnuCash 2.0.2 (r14936) on Debian/unstable. Many thanks in
advance,

-- 
Leo Breebaart  <leo at lspace.org>