Trial balance failed!

[Derek Atkins]

Daniel <daniel.carrera at zmsl.com> writes:

> Oh, here is another thought: I deal with more than one currency. Could 
> that be the problem? This this what I'm thinking:
>
> 1) On day one I have the assets:
>     USD Bank account:  $2000
>     CAD Bank account:  $2000
> 2) I transfer $1000 USD to Canada at a rate of $1 US = $1.30 CAD.
>     USD Bank account:  $1000
>     CAD Bank account:  $3300
> 3) The Canadian dollar appreciates to $1 US = $1.10 CAD. If I calculate 
> my total assets in USD, some money will have vanished. If I calculate my 
> total assets in CAD, some money will have appeared out of nowhere.
>
> If I have income and expenses in more than one currency, I guess 
> currency fluctuations could ruin the trial balance.
>
> Do you think this might be the problem?

Yes, it could be!

-derek
-- 
       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
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