Balance sheet report and Unrealized gain

[Fabrice Gautier]

Ah I undertand know.... This just seems very odd to have the profit
appear in the buy column for the stock account.

But i guess thats the way its done...

-- Fabrice

On Jan 4, 2008 8:03 AM, Derek Atkins <warlord at mit.edu> wrote:
>
> "Fabrice Gautier" <fabrice.gautier at gmail.com> writes:
>
> > Hi,
> >
> > I have trouble understanding the Balance sheet report when I have
> > stock buy and sell.
> >
> >
> > My test ledger is pretty simple.
> > I have one Income account, a Bank Type  account ("checking") and a
> > stock account ("GNU" for a fictional  GNU stock)
> > Transactions are:
> > 01-01 : Salary : Income  to Checking : 5000 USD
> > 01-02:  Buy Stock : Buy 40 GNU stocks @ 50 USD
> > 01-04:  Sold Stock : Sold 40 GNU stocks @ 100 USD
> >
> >
> > When i generated the balance sheet report on 01-05 I always see
> > - retained earning: 5000 USD
> > - unrealized income: 2000 USD
> >
> > Why is the "income" from the stock trade still classified as
> > "unrealized" income even after it is really sold ?
>
> Probably because you didn't manually account for the gain of the
> sale.  See the Concepts Guide.
>
> > Thanks
> >
> > -- Fabrice
>
> > Please remember to CC this list on all your replies.
> > You can do this by using Reply-To-List or Reply-All.
>
> -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
>        warlord at MIT.EDU                        PGP key available
>