Trading accounts: Buy of stock noted in foreign currency

Jannick Asmus jannick.news at gmail.com
Thu Jul 10 13:56:57 EDT 2008


On 10.07.2008 09:59, Jannick Asmus wrote:
> It seems that I need some help to set up the following transaction in 
> terms of trading accounts:
> 
> EUR: Main currency
> USD: Foreign currency
> ABC: stock noted in USD
> 
> Having a bank account in USD, shares of the stock ABC are bought. Using 
> the technique of trading accounts, I am always ending up with a trading 
> account for ABC.

... and after rethinking a little bit more with a piece of paper, 
everything is fine.

> I assume this shouldn't happen if GnuCash makes all the work to 
> determine the unrealized gains of ABC, should it?

The point is to realize the foreign exchange gain supporting the 
purchase of stocks at purchase date.

Best wishes,
J.



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